The determinates of equity portfolio holdings

Jonathan Andrew Batten; Xuan Vinh Vo

doi:10.1080/09603101003761879

The determinates of equity portfolio holdings

Jonathan Andrew Batten, Xuan Vinh Vo

Research output: Contribution to journal › Article › Research › peer-review

12 Citations (Scopus)

Abstract

The investor preference for home assets rather than a diversified portfolio of international assets termed home bias remains a puzzle, given recent information and technology improvements, although presumed risk reduction benefits may have been reduced through improved financial market integration. This article investigates the effect of various barriers to international investment on Australian equity portfolio investment and confirms the common view that higher transaction costs impede international investment, although market liquidity, market size and common language are also important factors.

Original language	English
Pages (from-to)	1125 - 1132
Number of pages	8
Journal	Applied Financial Economics
Volume	20
Issue number	14
DOIs	https://doi.org/10.1080/09603101003761879
Publication status	Published - 2010
Externally published	Yes

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10.1080/09603101003761879

Cite this

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