The Determinants of International Portfolio Holdings and Geographical Bias

2003 ◽  
Author(s):  
Shujing Li ◽  
Isabel Kitming Yan ◽  
Hamid Faruqee
Keyword(s):  
Portfolio Holdings ◽  
International Portfolio ◽  
Geographical Bias

scholarly journals The Coming Wave: Where Do Emerging Market Investors Put Their Money?

2019 ◽  
Vol 55 (4) ◽  
pp. 1369-1414 ◽  
Author(s):  
G. Andrew Karolyi ◽  
David T. Ng ◽  
Eswar S. Prasad
Keyword(s):  
Emerging Market ◽  
Explanatory Power ◽  
Foreign Market ◽  
Trade Flows ◽  
Foreign Country ◽  
Portfolio Holdings ◽  
Level Data ◽  
International Portfolio ◽  
Information Advantage ◽  
Parent Companies

Using country- and institution-level data, we find that the “coming wave” of emerging- market (EM) investors systematically over- or underweight their equity portfolio holdings in a way that reflects the influences of past capital and trade flows from a foreign country. We interpret this finding as support for van Nieuwerburgh and Veldkamp (2009) information endowment hypothesis. Strong past capital and trade flows create an information advantage that leads EM investors to disproportionately overweight a given foreign market, even relative to developed market investor counterparts. We also pursue predictions of the information endowment hypothesis by constructing novel information-advantage proxies based on relationships among investment firms and the headquarters of their parent companies. These proxies also offer reliable explanatory power for international portfolio allocations.

scholarly journals The Determinants of International Portfolio Holdings and Home Bias

2004 ◽  
Vol 04 (34) ◽  
pp. 1 ◽  
Author(s):  
Shujing Li ◽  
Hamid Faruqee ◽  
Isabel K. Yan ◽  
◽  
◽  
...  
Keyword(s):  
Home Bias ◽  
Portfolio Holdings ◽  
International Portfolio

Financial liberalization and patterns of international portfolio holdings

2014 ◽  
Vol 49 (1) ◽  
pp. 213-234 ◽  
Author(s):  
Pedro de Araujo ◽  
Olena Mykhaylova ◽  
James Staveley-O’Carroll
Keyword(s):  
Financial Liberalization ◽  
Portfolio Holdings ◽  
International Portfolio

Transparency and International Portfolio Holdings

2005 ◽  
Vol 60 (6) ◽  
pp. 2987-3020 ◽  
Author(s):  
R. GASTON GELOS ◽  
SHANG-JIN WEI
Keyword(s):  
Portfolio Holdings ◽  
International Portfolio
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