The Equity Home Bias Puzzle: a Survey puts into perspective one of the strongest and most persistent empirical phenomena in finance: equity home bias. The authors not only provide a thorough review of the competing measures of home bias and the explanations for the equity home bias proposed in the current literature, but also lay out the implications of international under-diversification for portfolio formation and the cost of capital of companies. The Equity Home Bias Puzzle: A Survey is organized as follows. After an introduction, Section 1 defines the equity home bias puzzle and explains...
The Equity Home Bias Puzzle: a Survey puts into perspective one of the strongest and most persistent empirical phenomena in finance: equity home bias....
