Equity home bias in international finance : a place-attachment perspective
Author(s)
Bibliographic Information
Equity home bias in international finance : a place-attachment perspective
（Banking, money and international finance, 12）
Routledge, 2019
- : hbk
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Note
Includes bibliographical references and index
Description and Table of Contents
Description
This book provides a comprehensive and critical analysis of research outcomes on the equity home bias puzzle - that people overinvest in domestic stocks relative to the theoretically optimal investment portfolio. It introduces place attachment - the bonding that occurs between individuals and their meaningful environments - as a new explanation for equity home bias, and presents a philosophically multi-paradigmatic view of place attachment.
For the first time, a comprehensive and up-to-date review of the extant literature is provided, demonstrating that place attachment is a contributing factor to 22 different topics in which variations of home bias are present. The author also analyses the social-psychological underpinnings of place attachment, and considers the effect of multi-culturalism on the future of equity home bias.
The book's unique approach discusses the issues in conceptual terms rather than through data and statistical methods. This multi- and inter-disciplinary book is an invaluable resource for graduate students and researchers interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.
Table of Contents
1. The Equity Home Bias Puzzle 2. Place Attachment 3. The Equity Home Bias Puzzle: A Place-Attachment Explanation 4. A Look into the Future
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