Distance, Language, and Culture Bias: The Role of Investor Sophistication

Mark Grinblatt and Matti Keloharju

Yale School of Management Working Papers from Yale School of Management

Abstract: This paper documents that investors are more likely to hold, buy and sell the stocks of Finnish firms that are located close to the investor, that communicate in the investor's native tongue, and that have chief executives of the same cultural backgrou

Date: 2000-05-01, Revised 2001-11-01
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Citations: View citations in EconPapers (30)

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