Journal article
Risk Appetite, Home Bias and the Unstable Demand for Emerging Market Assets.
- Abstract:
-
Home bias arises when the actual portfolio of an investor consists of a smaller proportion of foreign assets than that predicted by standard portfolio theory for the observed set of risks and returns on available assets. The existence and persistence of home bias undermines the theoretical case for the efficiency of international capital markets. In this paper we use data on UK pension fund portfolios to measure home bias, and find that this is doubly acute in the case of emerging market equi...
Expand abstract
Actions
Authors
Bibliographic Details
- Publisher:
- Routledge
- Journal:
- International Review of Applied Economics
- Volume:
- 19
- Issue:
- 4
- Pages:
- 459 - 476
- Publication date:
- 2005-01-01
- DOI:
- ISSN:
-
0269-2171
Item Description
- Language:
- English
- UUID:
-
uuid:394baff8-99a7-4132-85a5-52d75e5c619b
- Local pid:
- oai:economics.ouls.ox.ac.uk:10790
- Deposit date:
- 2011-08-16
Related Items
Terms of use
- Copyright date:
- 2005
Metrics
If you are the owner of this record, you can report an update to it here: Report update to this record