International Portfolio Diversification with Generalized Expected Utility Preferences
收藏NBER1997-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5965
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This paper revisits the Home Bias Puzzle -- the relatively low interna- tional diversification of portfolios. We suggest that part of the diversifi- cation puzzle may be due to reliance on the conventional CAPM model as the benchmark predicting patterns of diversification. We compare the asset diver
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美国国家经济研究局创建时间：
1997-03-01
