Foreign Investments of U.S. Individual Investors: Causes and Consequences

References

• Ahearne A., Griever W., Warnock F. Information costs and home bias: An analysis of US holding of foreign equities. J. Internat. Econom. (2004) 62:313–336Crossref, Google Scholar
• Barber B., Odean T. Trading is hazardous to your wealth: The common stock investment performance of individual investors. J. Finance (2000) 55:773–806Crossref, Google Scholar
• Barber B., Odean T. Boys will be boys: Gender, over-confidence, and common stock investment. Quart. J. Econom. (2001) 116:261–292Crossref, Google Scholar
• Bohn H., Tesar L. U.S. equity investment in foreign markets: Portfolio rebalancing or return chasing? Amer. Econom. Rev. (1996) 86:77–81Google Scholar
• Brennan M., Cao H. International portfolio investment flows. J. Finance (1997) 52:1851–1880Crossref, Google Scholar
• Coval J., Moskowitz T. Home bias at home: Local equity preference in domestic portfolios. J. Finance (1999) 54:2045–2074Crossref, Google Scholar
• Daouk H., Lee C., Ng D. Capital market governance: Do securities laws affect market performance? J. Corp. Finance (2006) 12:560–593Crossref, Google Scholar
• Fama E., French K. Value versus growth: The international evidence. J. Finance (1998) 53:1975–1999Crossref, Google Scholar
• French K., Poterba J. Investor diversification and international equity markets. Amer. Econom. Rev. (1991) 81:222–226Google Scholar
• Froot K., O'Connell P., Seasholes M. The portfolio flows of international investors. J. Financial Econom. (2001) 59:151–194Crossref, Google Scholar
• Goetzmann W., Kumar A. Why do individual investors hold under-diversified portfolios? Rev. Finance (2008) . ForthcomingGoogle Scholar
• Graham J., Kumar A. Do dividend clienteles exist? Evidence on dividend preferences of retail investors. J. Finance (2006) 61:1305–1336Crossref, Google Scholar
• Graham J., Harvey C., Huang H. Investor confidence, trading frequency, and home bias. (2006) . Working paper, Duke University, Durham, NCGoogle Scholar
• Ivkovich Z., Weisbenner S. Local does as local is: Information content of the geography of individual investors' common stock investments. J. Finance (2005) 60:267–306Crossref, Google Scholar
• Ivkovich Z., Poterba J., Weisbenner S. Tax-motivated trading by individual investors. Amer. Econom. Rev. (2005) 95:1605–1630Crossref, Google Scholar
• Kahneman D., Lovallo D. Timid choices and bold forecasts: A cognitive perspective on risk taking. Management Sci. (1993) 39:17–31Link, Google Scholar
• Kang J., Stulz R. Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan. J. Financial Econom. (1997) 46:3–28Crossref, Google Scholar
• Karlsson A., Norden L. Home sweet home: Home bias and international diversification among individual investors. J. Banking Finance (2007) 31:317–333Crossref, Google Scholar
• Kumar A. Who gambles in the stock market? (2007) . Working paper, University of Texas at Austin, AustinGoogle Scholar
• Kumar A., Lim S. How do decision frames influence the stock investment choices of individual investors? Management Sci. (2008) . ForthcomingGoogle Scholar
• Kyrychenko V., Shum P. Foreign contents in U.S. household portfolios. (2005) . Working paper, York University, TorontoGoogle Scholar
• La Porta R., Lopez-de-Silanes F., Shleifer A., Vishny R. Law and finance. J. Political Econom. (1998) 106:1113–1155Crossref, Google Scholar
• Leuz C., Lins K., Warnock F. Do foreigners invest less in poorly governed firms? (2007) . Working paper, The Wharton School, University of Pennsylvania, PhiladelphiaGoogle Scholar
• Lewis K. Trying to explain home bias in equities and consumption. J. Econom. Lit. (1999) 37:571–608Crossref, Google Scholar
• Odean T. Are investors reluctant to realize their losses? J. Finance (1998) 53:1775–1798Crossref, Google Scholar
• Odean T. Do investors trade too much? Amer. Econom. Rev. (1999) 89:1279–1298Crossref, Google Scholar
• Wooldridge J.Introductory Econometrics: A Modern Approach (2003) (South-Western, Cincinnati) Google Scholar
• Zhang X. Specification tests of asset pricing models in international markets. J. Internat. Money Finance (2005) 25:275–307Crossref, Google Scholar