Why Is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan
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This paper uses data on foreign stock ownership in Japan from 1975 to 1991 to examine the determinants of the home bias in portfolio holdings. Existing models of international portfolio choice predicting that foreign investors hold national market portfolios or portfolios tilted towards high
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美国国家经济研究局创建时间：
1995-07-01
