Home Bias in International Stock Return Expectations

By Michael Kilka, Martin Weber. 2000

214 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/948456f012b8bab8026758578e2292321876cb59

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Citations in the corpus

A Two-Person Dynamic Equilibrium under Ambiguity (2003, background): “There exists survey evidence supporting systematic di<erences in returns expectations between domestic and foreign investors—investors tend to be more optimistic about domestic securities (see Shiller et al., 1996; Kilka and Weber, 1997; Strong and Xu, 1999).”
Home Bias in International Equity Portfolios: A Review (2007, background): “Kilka and Weber (2000) show in an experimental setting that German investors feel more competent in judging domestic stocks than in judging U.S. stocks.”
How Should Individual Investors Diversify? An Empirical Evaluation of Alternative Asset Allocation Policies (2014, background): “First, individuals tend to prefer domestic over foreign investments, thereby foregoing the benefits of international diversification (French and Poterba, 1991; Grinblatt and Keloharju, 2001; Kilka and Weber, 2000).”
The Less You Know, the More You Are Afraid of—A Survey on Risk Perceptions of Investment Products (2011, background): “For example, Kilka and Weber (2000) showed that both American and German students estimated their domestic stocks as more profitable and less risky than foreign stocks.”
Integrative and Distributive Negotiation in Small Groups: Effects of Task Structure, Decision Rule, and Social Motive (2002, unknown): “This contrast between clear and vague probabilities was first discussed by Knight (1921), who distinguished between risk, which can be represented by precise probabilities, and (unmeasurable) uncertainty, which cannot.”
Patriotism in your portfolio (2011, background): “Kilka and Weber (2000) provide survey evidence that German and American students overestimate their own country’s future performance, and Strong and Xu (2003) find home bias among fund managers in countries around the world. Tesar and Werner (1995) estimate that the lack of diversification due to th”
Financial Globalization, Governance, and the Evolution of the Home Bias (2006, unknown): “6 See also Kilka and Weber (2000) and Strong and Xu (2003). 7 See Helwege, Pirinsky and Stulz (2006) for a detailed review of the corporate finance approach to firm ownership and references.”
Understanding the Equity Home Bias: Evidence from Survey Data (2003, unknown): “They find investors in each country are more optimistic about their home stock market.4 Kilka and Werner (1999) conducted an experimental study using graduate investment students in Germany and the United States.”
Causes of ambiguity aversion: Known versus unknown preferences (2008, background): “A number of authors have argued that the home bias can be explained by ambiguity aversion (Huang 2007; Kasa 2000; Kilka and Weber 2000; Uppal and Wang 2003).”