Home Bias at the Fund Level
By Harald Hau, Hélène Rey. 2008
137 citations recorded by the source corpus.
This paper presents new stylized facts on the distribution of the home bias at the fund level. We find (i) a large heterogeneity in the degree of home bias across mutual funds; (ii) a positive correlation between the size of funds and home bias; and (iii) a positive correlation between the size of funds, the number of foreign countries and the number of sectors in which they invest. These facts constitute a challenge for existing theories.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/203953c929e336691b81139c7e325eda5abd373e
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In Economics and Econometrics
In Finance
Citations in the corpus
- The world price of home bias. (2010, unknown): “Hau and Rey (2008) use a similar measure, but at the mutual fund level.”
- Financial Reporting Opacity and Informed Trading by International Institutional Investors (2012, background): “…(Return Volatility), has a market value in excess of its book value (Market-to-Book), turns over its shares about every two years (Share Turnover), 15 Several prior papers including Hau and Rey (2008), Chan et al. (2005) and Yu (2010) have used, and discuss in further detail, the TIMF database.”