Home Equity Bias

  • Ume Salma Akbar Department of Business Administration, Sukkur IBA, Sukkur 65200, Pakistan
  • Mubasher Ali Jamro Department of Business Administration, Sukkur IBA, Sukkur 65200, Pakistan
  • Zulfiquar Ali Shah Department of Management Sciences International Islamic University, Islamabad, Pakistan

Abstract

This study is aimed to investigate the factors that are intended to lessen the home equity bias or became a base for foreign diversification. By using the foreign diversification of twenty-one developing countries over a period of ten years and incorporating the effect of nine important variables for exploring their effect on home bias. The results from Random effect panel regression shows a diminishing trend of investors towards home equity biasness and the contributing factors for lessening this bias are local market share in world market capitalization and information available to investors and trade opening.

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Published
2014-10-13
How to Cite
AKBAR, Ume Salma; JAMRO, Mubasher Ali; SHAH, Zulfiquar Ali. Home Equity Bias. Sukkur IBA Journal of Management and Business, [S.l.], v. 1, n. 1, p. 40-56, oct. 2014. ISSN 2410-1885. Available at: <http://journal.iba-suk.edu.pk:8089/SIBAJournals/index.php/sijmb/article/view/84>. Date accessed: 17 july 2018. doi: https://doi.org/10.30537/sijmb.v1i1.84.