Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation
收藏NBER1997-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w6339
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资源简介：
There is strong evidence about a home-court advantage in international portfolio" investment. One explanation for the bias is an information asymmetry between domestic and" foreign investors about the economic performance of domestic firms. This asymmetry causes" two types of distortions: an
现有充分实证证据表明，国际证券投资（international portfolio investment）中存在主场优势。针对这一投资偏差的一种解释为：本国投资者与外国投资者之间，就本国企业的经营业绩存在信息不对称。此种信息不对称会引发两类扭曲：
提供机构：
美国国家经济研究局
创建时间：
1997-12-01
