Revisiting The Home Bias Puzzle Downside Equity Risk

DOWNLOAD

Download Revisiting The Home Bias Puzzle Downside Equity Risk PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Revisiting The Home Bias Puzzle Downside Equity Risk book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Revisiting The Home Bias Puzzle Downside Equity Risk

DOWNLOAD
Author : Rachel A. Campbell
language : en
Publisher:
Release Date : 2006

Revisiting The Home Bias Puzzle Downside Equity Risk written by Rachel A. Campbell and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.

Revisiting The Home Bias Puzzle

DOWNLOAD
Author : Rachel A.J. Pownall
language : en
Publisher:
Release Date : 2011

Revisiting The Home Bias Puzzle written by Rachel A.J. Pownall and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.

Deviations from normality in financial return series have led to the development of alternative portfolio selection models. One such model is the downside risk model, whereby the investor maximizes his return given a downside risk constraint. In this paper we empirically observe the international equity allocation for the downside risk investor using 9 international markets' returns over the last 34 years. Investors may think globally, but instead act locally, due to greater downside risk. The results provide an alternative view of the home bias phenomenon, documented in international financial markets.

Equity Home Bias In International Finance

DOWNLOAD
Author : Kavous Ardalan
language : en
Publisher: Routledge
Release Date : 2019-05-17

Equity Home Bias In International Finance written by Kavous Ardalan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-17 with Business & Economics categories.

This book provides a comprehensive and critical analysis of research outcomes on the equity home bias puzzle – that people overinvest in domestic stocks relative to the theoretically optimal investment portfolio. It introduces place attachment – the bonding that occurs between individuals and their meaningful environments – as a new explanation for equity home bias, and presents a philosophically multi-paradigmatic view of place attachment. For the first time, a comprehensive and up-to-date review of the extant literature is provided, demonstrating that place attachment is a contributing factor to 22 different topics in which variations of home bias are present. The author also analyses the social-psychological underpinnings of place attachment, and considers the effect of multi-culturalism on the future of equity home bias. The book’s unique approach discusses the issues in conceptual terms rather than through data and statistical methods. This multi- and inter-disciplinary book is an invaluable resource for graduate students and researchers interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.

Financial Markets And Institutions

DOWNLOAD
Author : Jakob de Haan
language : en
Publisher: Cambridge University Press
Release Date : 2020-04-30

Financial Markets And Institutions written by Jakob de Haan and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-30 with Business & Economics categories.

Provides fresh analysis of the European financial system for undergraduate and graduate students of finance, economics and business.

The Equity Home Bias Puzzle

DOWNLOAD
Author : Ian Cooper
language : en
Publisher:
Release Date : 2013

The Equity Home Bias Puzzle written by Ian Cooper and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with International finance categories.

Home bias - the empirical phenomenon that investors assign anomalously high weights to their own domestic assets - has puzzled academics for decades: financial theory predicts that an internationally well diversified portfolio of stocks and short-term bonds can reduce risk significantly without affecting expected return. Although the globalization of international equity markets has increased international investments, equity portfolios remain severely home biased today, and no single explanation seems to solve the puzzle completely. In this paper, we first provide a thorough description of the equity home bias phenomenon by defining, discussing, and applying the competing measures and presenting some estimates of the costs of under-diversification. Second, we evaluate the explanations for the equity home bias proposed in the literature such as information asymmetries, behavioral aspects, barriers to foreign investment, and governance issues, and conclude that each explanation on its own falls short, suggesting that the equity home bias probably reflects a combination of factors. Lastly, we review the implications of international under-diversification for portfolio formation and the cost of capital of companies.

Linear Models And Time Series Analysis

DOWNLOAD
Author : Marc S. Paolella
language : en
Publisher: John Wiley & Sons
Release Date : 2018-10-10

Linear Models And Time Series Analysis written by Marc S. Paolella and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-10 with Mathematics categories.

A comprehensive and timely edition on an emerging new trend in time series Linear Models and Time-Series Analysis: Regression, ANOVA, ARMA and GARCH sets a strong foundation, in terms of distribution theory, for the linear model (regression and ANOVA), univariate time series analysis (ARMAX and GARCH), and some multivariate models associated primarily with modeling financial asset returns (copula-based structures and the discrete mixed normal and Laplace). It builds on the author's previous book, Fundamental Statistical Inference: A Computational Approach, which introduced the major concepts of statistical inference. Attention is explicitly paid to application and numeric computation, with examples of Matlab code throughout. The code offers a framework for discussion and illustration of numerics, and shows the mapping from theory to computation. The topic of time series analysis is on firm footing, with numerous textbooks and research journals dedicated to it. With respect to the subject/technology, many chapters in Linear Models and Time-Series Analysis cover firmly entrenched topics (regression and ARMA). Several others are dedicated to very modern methods, as used in empirical finance, asset pricing, risk management, and portfolio optimization, in order to address the severe change in performance of many pension funds, and changes in how fund managers work. Covers traditional time series analysis with new guidelines Provides access to cutting edge topics that are at the forefront of financial econometrics and industry Includes latest developments and topics such as financial returns data, notably also in a multivariate context Written by a leading expert in time series analysis Extensively classroom tested Includes a tutorial on SAS Supplemented with a companion website containing numerous Matlab programs Solutions to most exercises are provided in the book Linear Models and Time-Series Analysis: Regression, ANOVA, ARMA and GARCH is suitable for advanced masters students in statistics and quantitative finance, as well as doctoral students in economics and finance. It is also useful for quantitative financial practitioners in large financial institutions and smaller finance outlets.

European Financial Markets And Institutions

DOWNLOAD
Author : Jakob de Haan
language : en
Publisher: Cambridge University Press
Release Date : 2009-01-15

European Financial Markets And Institutions written by Jakob de Haan and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-15 with Business & Economics categories.

Written for undergraduate and graduate students, this textbook provides a fresh analysis of the European financial system.

The C F A Digest

DOWNLOAD
Author : Institute of Chartered Financial Analysts
language : en
Publisher:
Release Date : 2008

The C F A Digest written by Institute of Chartered Financial Analysts and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Investments categories.

Equity Home Bias In International Finance

DOWNLOAD
Author : Colin Gilligan
language : en
Publisher: Routledge
Release Date : 2019-06-17

Equity Home Bias In International Finance written by Colin Gilligan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-17 with Business & Economics categories.

This book provides a comprehensive and critical analysis of research outcomes on the equity home bias puzzle. It introduces "place attachment" as a new explanation for the "equity home bias" puzzle and looks to the future of place attachment and its effect on home bias. For the first time, a comprehensive and up-to-date review of the extant literature is provided. The author presents a philosophically multi-paradigmatic view of "place attachment" - the bonding that occurs between individuals and their meaningful environments. Offering an overview of the literature on 22 different topics in which variations of "home bias" are present, the author demonstrates that place attachment is a contributing factor to all of these. Finally, the author analyses the social-psychological underpinnings of Place Attachment and considers the effect of multi-culturalism on the future of Equity Home Bias. The book's unique approach discusses the issues in conceptual terms, rather than using data and statistical methods. This book is both multi-disciplinary and inter-disciplinary, and therefore, it is an invaluable resource for graduate students and researchers who are interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.

Economie Internationale

DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2010

Economie Internationale written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Economic history categories.