Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments

By Scott J. Weisbenner, Z. Ivkovich. 2003

1,090 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/685790e326529dd344b64d18d16ba46d6b67c4f1

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Citations in the corpus

Keynes Meets Markowitz: The Tradeoff Between Familiarity and Diversification (2009, neutral): “…portfolios that are biased toward a few assets outperform diversified portfolios, but the empirical evidence on this is mixed— for example, while Ivković and Weisbenner (2005) and Massa and Simonov (2006) find some support for this hypothesis, Calvet, Campbell, and Sodini (2007) and Goetzman…”
Information Acquisition and Under-Diversification (2010, background): “When investors can choose what asset payoffs to learn about, the most basic 10See also Coval and Moskowitz (2001), Massa and Simonov (2005) and Ivkovic and Weisbenner (2005). prediction of portfolio theory, that investors should diversify, is overturned.”
Do Social Factors Influence Investment Behavior and Performance? Evidence from Mutual Fund Holdings (2015, neutral): “6 See Ivkovic and Weisbenner (2005) for local investment bias among households. social responsibility - the corporate equivalent of socially conscious investing - tend be run by CEOs that contribute more the Republican party (see Di Giuli and Kostovetsky 2014), and tend to be located in areas with m”
Do Local Analysts Know More? A Cross-Country Study of the Performance of Local Analysts and Foreign Analysts (2008, background): “Consistent with Jacob et al. (1999), Hong et al.”
Psychology-based Models of Asset Prices and Trading Volume (2018, neutral): “Individuals tilt their portfolios toward domestic stocks rather than foreign stocks (French and Poterba, 1991); toward stocks of locally-headquartered firms rather than stocks of firms located further away (Ivkovic and Weisbenner, 2005; Seasholes and Zhu, 2010); and toward the stock of the company t”
The Cross-Section of Speculator Skill: Evidence from Day Trading (2014, neutral): “1 See Coval, Hirshleifer, and Shumway (2008), Grinblatt, Keloharju, and Linnainmaa (2012), Korniotis and Kumar (2011, 2012), Kumar (2009), Ivkovic and Weisbenner (2005), and Ivkovic, Sialm, and Weisbenner (2008).”