scholarly journals International Portfolio Allocation under Model Uncertainty

2009 ◽  
Author(s):  
Pierpaolo Benigno ◽  
Salvatore Nisticò
Keyword(s):  
Model Uncertainty ◽  
Portfolio Allocation ◽  
International Portfolio

scholarly journals Biases in international portfolio allocation and investor protection standards

2017 ◽  
Vol 53 ◽  
pp. 66-79 ◽  
Author(s):  
Frank O. Kwabi ◽  
Chandra Thapa ◽  
Krishna Paudyal ◽  
Emmanuel Adegbite
Keyword(s):  
Investor Protection ◽  
Portfolio Allocation ◽  
International Portfolio

scholarly journals Biases in International Portfolio Allocation and Investor Protection Standards

2017 ◽  
Author(s):  
Frank Kwabi ◽  
Chandra Thapa ◽  
Krishna Paudyal ◽  
Emmanuel Adegbite
Keyword(s):  
Investor Protection ◽  
Portfolio Allocation ◽  
International Portfolio

Access to information and international portfolio allocation

2013 ◽  
Vol 37 (7) ◽  
pp. 2255-2267 ◽  
Author(s):  
Chandra Thapa ◽  
Krishna Paudyal ◽  
Suman Neupane
Keyword(s):  
Portfolio Allocation ◽  
Access To Information ◽  
International Portfolio

scholarly journals International portfolio diversification and genetic relatedness

2021 ◽  
Vol 14 (2) ◽  
pp. 15-44
Author(s):  
Cristina Harin
Keyword(s):  
Genetic Relatedness ◽  
Investment Decision ◽  
Relative Difference ◽  
Portfolio Allocation ◽  
Portfolio Diversification ◽  
Investment Behavior ◽  
International Portfolio Diversification ◽  
Time Period ◽  
International Portfolio ◽  
Bias Measure

The purpose of this paper is to shed some light on how relatedness between counterparties can explain investment behavior, specifically how much can investor’s inherited traits influence the exchange of capital. We use the genetic distance index and regress it against the foreign bias measure on pairs from 40 countries on a time period from 2001-2016. We identify that the prior exerts a significant impact on foreign investment decision, even when controlling for previous documented determinants of foreign bias. These findings reflect that international portfolio allocation is obstructed by the cultural wedge created between source and destination country, since relative difference in these characteristics disturb the flow of equity investments across markets, which ultimately hinder diversification.

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