Corporate Governance and the Home Bias
收藏NBER2001-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8680
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资源简介：
In most countries, many of the largest corporations are controlled by large shareholders. We show that, under reasonable assumptions, this stylized fact implies that portfolio holdings of U.S. investors should exhibit a home bias in equilibrium. We construct an estimate of the world portfolio of
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美国国家经济研究局创建时间：
2001-12-01
