Information Immobility and the Home Bias Puzzle
By Stijn Van Nieuwerburgh, Laura L. Veldkamp. 2009
946 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/f457b2826aa16185669ec7072a960200577c3bc8
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Neeltje van Horen
- Daniel Lacker
- Christian Catalini
- Mariassunta Giannetti
- Alexander A. Popov
- Ajay Agrawal
- Thaleia Zariphopoulou
- Avi Goldfarb
In Finance
- Neeltje van Horen
- Alexander A. Popov
- Mariassunta Giannetti
- Daniel Lacker
- Pedro Matos
- Thaleia Zariphopoulou
- Luc Laeven
- Miguel A. Ferreira
Citations in the corpus
- Revealed Preference, Rational Inattention, and Costly Information Acquisition (2015, neutral): “We now provide conditions that identify the set of all such cost functions, in the spirit of Varian [1984] and Cherchye et al.”
- Keynes Meets Markowitz: The Tradeoff Between Familiarity and Diversification (2009, neutral): “Van Nieuwerburgh and Veldkamp (2008) develop a model of information acquisition and portfolio choice which is capable of explaining portfolio concentration by exploiting the increasing return to scale to specializing in one asset.”
- Mean field and n‐agent games for optimal investment under relative performance criteria (2017, background): “Other representative works include Boyle, Garlappi, Uppal, and Wang (2012); Kacperczyk, Sialm, and Zheng (2005); Liu (2014); Mitton and Vorkink (2007); Van Nieuwerburgh and Veldkamp (2009, 2010); Uppal and Wang (2003).”
- Knowing What Others Know: Coordination Motives in Information Acquisition (2007, neutral): “This is the same force that causes identical investors to acquire different information and thus hold different assets in Van Nieuwerburgh and Veldkamp (2007).”
- Don't Believe the Hype: Local Media Slant, Local Advertising, and Firm Value (2012, neutral): “The literature on home bias sometimes attributes this local preference to the possibility that investors’ proximity to local firms facilitates the acquisition of disproportionately accurate value-relevant information (Van Nieuwerburgh and Veldkamp (2009)).”
- Does concrete language in disclosures increase willingness to invest? (2014, neutral): “While prior studies have found that information differences play a role in home bias (e.g., Kang and Stulz 1997; Coval and Moskowitz 2001; Ivković and Weisbenner 2005; Van Nieuwerburgh and Veldkamp 2009), it has also been claimed that rational models based on information differences do not fully ex”