What causes home asset bias and how should it be measured

By D. Glassman, L. A. Riddick. 2001

110 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e43aa2cfd9ef54eb88f7a5f2dd4b57d0e0775868

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Citations in the corpus

Model Uncertainty, Financial Market Integration and the Home Bias Puzzle (2007, unknown): “The prime targets were transaction costs such as fees, commissions and higher spreads (see Tesar and Werner, 1995; Glassman and Riddick, 2001; Warnock, 2001) and direct barriers to international investment (see Black, 1974; Stulz, 1981; Errunza and Losq, 1985).”
Melting Pot or Salad Bowl: Some Evidence from U.S. Investments Abroad (2008, unknown): “She, as well as many others (see, for example, Pastor (2000), Karolyi and Stulz (2001), Glassman and Riddick (2001)), are skeptical about the usual reasons given to explain home bias: explicit barriers to entry (such as ownership restrictions, transaction costs and taxes) or implicit barriers to…”
Understanding the Equity Home Bias: Evidence from Survey Data (2003, unknown): “Glassman and Riddick (2001) also consider explanations of the home asset bias based on combinations of adjusting expected returns (reflecting transaction costs), standard deviations, and correlations (reflecting an omitted asset).”
Subjective measures of risk aversion, fixed costs, and portfolio choice (2011, unknown): “…ongoing globalization and international integration processes are contributing to a lowering of its magnitude (Baele et al., 2007), this phenomenon has been analyzed extensively (see among others French and Poterba, 1990, 1991; Cooper and Kaplanis, 1994; Glassman and Riddick, 2001; Jermann, 2002).”
The Dynamics of International Equity Market Expectations (2003, background): “More recently, Glassman and Riddick (2001) have argued that a combination of transaction costs, differential perception of risk and missing assets affecting correlations is promising in explaining home bias.”
Patriotism in your portfolio (2011, background): “…should decrease with transactions barriers, it is well known that transactions barriers are likely not the entire source of the home bias (Cooper and Kaplanis 1994, Tesar and Werner 1995, Errunza, Hogan and Hung 2000, Glassman and Riddick 2001 and Fourth, Ahearne, Griever and Warnock 2001).”