The role of information asymmetries and inflation hedging in international equity portfolios

Maela Giofré

Journal of Multinational Financial Management, 2009, vol. 19, issue 4, pages 237-255

Abstract: We investigate the role of information asymmetries and inflation hedging in shaping international equity portfolios. We confirm, in a multinational setting, Cooper and Kaplanis [Cooper, I.A., Kaplanis, E., 1994. Home bias in equity portfolios, inflation hedging and international capital market equilibrium. Review of Financial Studies 7 (1), 45-60] result of no inflation hedging motive driving investors' behavior and find evidence of a crucial role for financial market development and trade linkages.

Keywords: Equity; home; bias; Portfolio; choice; Inflation; hedging; Information; asymmetries (search for similar items in EconPapers)
Date: 2009
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Persistent link: http://EconPapers.repec.org/RePEc:eee:mulfin:v:19:y:2009:i:4:p:237-255

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