What’s in a Name? An Experimental Examination of Investment Behavior
Lucy Ackert (),
James Tompkins and
Review of Finance, 2005, vol. 9, issue 2, 281-304
A fundamental unresolved issue is whether information asymmetries underlie investors’ predisposition to invest close to home (i.e., domestically or locally). We conduct experiments in the United States and Canada to investigate agents’ portfolio allocation decisions, controlling for the availability of information. Providing participants with information about a firm’s home base, without disclosing its specific identity, is not sufficient to change investment behavior. Rather, participants need to know a firm’s name and home base. Additional evidence indicates that participants have a greater perceived familiarity with local and domestic securities and, in turn, invest more in such securities. Copyright Springer 2005
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
Journal Article: What's in a Name? An Experimental Examination of Investment Behavior (2005)
Working Paper: What's in a name? An experimental examination of investment behavior (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:eurfin:v:9:y:2005:i:2:p:281-304
Ordering information: This journal article can be ordered from
Access Statistics for this article
Review of Finance is currently edited by Marco Pagano
More articles in Review of Finance from Springer
Series data maintained by Sonal Shukla ().