Equity Home Bias in International Finance(English, Electronic book text, Ardalan Kavous)

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Equity Home Bias in International Finance(English, Electronic book text, Ardalan Kavous) is written by Ardalan Kavous and published by Taylor & Francis Ltd. It's available with International Standard Book Number or ISBN identification 1000001431 (ISBN 10) and 9781000001433 (ISBN 13).

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.