What’s in a Name? An Experimental Examination of Investment Behavior

Lucy Ackert, Bryan Church, James Tompkins and Ping Zhang

Review of Finance, 2005, vol. 9, issue 2, 281-304

Abstract: 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

Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10679-005-7594-2 (text/html)
Access to full text is restricted to subscribers.

Related works:
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) HTML/Text

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
http://www.springer.com/finance/journal/10679

DOI: 10.1007/s10679-005-7594-2

Access Statistics for this article

Review of Finance is currently edited by Marco Pagano

More articles in Review of Finance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().