Home Equity Bias

Ume Salma Akbar (), Mubashir Ali Mubashir Ali () and Zulifqar Ali Shah ()
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Ume Salma Akbar: Sukkur Institute of Business Administration, Postal: Sukkur Institute of Business Administration Airport Road Sukkur-65200, Sindh Pakistan
Mubashir Ali Mubashir Ali: Sukkur Institute of Business Administration, Postal: Sukkur Institute of Business Administration Airport Road Sukkur-65200, Sindh Pakistan
Zulifqar Ali Shah: Department of Management Sciences International Islamic University, Islamabad, Pakistan, Postal: International Islamic University, Islamabad, Pakistan

Sukkur IBA Journal of Management and Business, 2014, vol. 1, issue 1, 40-56

Abstract: This study is aimed to investigate the factors that are intended to lessen the home equity bias or became a base for foreign diversification. By using the foreign diversification of twenty-one developing countries over a period of ten years and incorporating the effect of nine important variables for exploring their effect on home bias. The results from Random effect panel regression shows a diminishing trend of investors towards home equity biasness and the contributing factors for lessening this bias are local market share in world market capitalization and information available to investors and trade opening.

Keywords: Behavioral; Finance; Foreign; Diversification; Behavioral; Finance; Political (search for similar items in EconPapers)
JEL-codes: J16 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ibajmb:0003

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