Quantitative implications of the home bias : foreign underinvestment, domestic oversaving, and corrective taxation /
There is strong evidence about a home-court advantage in international portfolio investment. One explanation for the bias is an information asymmetry between domestic and" foreign investors about the economic performance of domestic firms. This asymmetry causes two types of distortions: an aggr...
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| Other Authors: | , |
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, MA. :
National Bureau of Economic Research,
[1997]
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| Series: | Working paper series (National Bureau of Economic Research) ;
no. 6339. |
| Subjects: | |
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