Religion and Equity Home Bias

Junyong Lee (), Kyounghun Lee () and Frederick Dongchuhl Oh ()
Additional contact information
Junyong Lee: KAIST College of Business, Korea Advanced Institute of Science and Technology
Kyounghun Lee: KAIST College of Business, Korea Advanced Institute of Science and Technology
Frederick Dongchuhl Oh: KAIST College of Business, Korea Advanced Institute of Science and Technology

Open Economies Review, 2023, vol. 34, issue 5, No 4, 1015-1038

Abstract: Abstract This study aims to examine whether religion influences equity home bias. Large volumes of international portfolio investment and religious characteristics data are obtained from 2001 to 2019. A panel OLS model is used to investigate the relationship between religion and equity home bias. We find that both religiosity and religious hierarchy in a country positively correlate with the level of home bias. In contrast, religious diversity negatively affects the degree of home bias. Overall, our study highlights the role of religion in explaining equity home bias.

Keywords: Equity home bias; Religion; Religiosity; Religious diversity; Religious hierarchy (search for similar items in EconPapers)
JEL-codes: G11 G15 Z12 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://link.springer.com/10.1007/s11079-022-09709-y Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
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:openec:v:34:y:2023:i:5:d:10.1007_s11079-022-09709-y

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11079/PS2

DOI: 10.1007/s11079-022-09709-y

Access Statistics for this article

Open Economies Review is currently edited by G.S. Tavlas

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