Information Costs and Home Bias: An Analysis of U.S. Holdings of Foreign Equities

By Alan G. Ahearne, William L. Griever, F. Warnock. 2001

225 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/9018a472d84f55be43066ff2d7d8e10cc565a225

Citations in the corpus

• Melting Pot or Salad Bowl: Some Evidence from U.S. Investments Abroad (2008, unknown): “We use three measures: foreign stockholdings should increase with the ratio of mean stock market dollar return to standard deviation of stock market dollar returns (Ahearne, Griever, and Warnock (2001)); it should decrease with the correlation of stock market liberalized.”
• Information Immobility and the Home Bias Puzzle (2009, unknown): “Many studies document such home bias (see French and Poterba, 1991, Tesar and Werner, 1998 and Ahearne, Griever, and Warnock, 2004).”
• Capital Account Liberalization and Economic Performance: Survey and Synthesis (2002, unknown): “The measure , dis - cussed in full detail in their article and used in cross - sectional work of Ahearne , Griever , and Warnock ( 2004 ) , builds on the work of the International Finance Corporation .”
• Distance and International Banking (2005, unknown): “We follow Ahearne et al. (2000) in defining the bias as the deviation of actual asset holdings in a given country from the share of this country in world GDP. Part four discusses our results, and part five concludes.”
• The Determinants of Cross-Border Equity Flows (2005, unknown): “Pagano et al. (1999) and Ahearne et al. (2001) underline the importance of the informational barriers constituted by different national accounting standards and practices.”
• Home Bias in International Equity Portfolios: A Review (2007, unknown): “Pagano et al. (2001) and Ahearne et al. (2004) underline the importance of the informational barriers resulting from different national accounting standards and practices.”
• The Determinants of International Investment and Attention Allocation: Using Internet Search Query Data (2010, unknown): “Many studies have emphasized the importance of asymmetric information in determining home bias.2 Ahearne et al. (2004), for example, provide evidence that information regarding accounting standards and practices is an important determinant of the distribution of home bias across countries.”
• Home bias and high turnover reconsidered (2002, unknown): “Rather than working with cost-adjusted returns, Ahearne et al. (2000) use data from the 1997 benchmark survey of US holdings of foreign equities—the same data used in calculating the turnover estimates in Table 2—to investigate the relationship between transaction costs and home bias.”
• Presidential Address: The Cost of Active Investing (2008, unknown): “Readers familiar with the literature seeking to explain why investors do not diversify internationally (e.g., French and Poterba (1991), Karolyi and Stulz (2003), and Ahearne, Griever, and Warnock (2004)) may be surprised that this”
• Transparency and International Investor Behavior (2002, unknown): “This finding is similar to that of Ahearne, Griever, and Warnock (2000), who find that an interaction variable of an index measuring rule of law and an index measuring accounting standards contributes to explaining U.S. holdings of foreign equities.”