The determinates of equity portfolio holdings

Jonathan Andrew Batten, Xuan Vinh Vo

Research output: Contribution to journalArticleResearchpeer-review

14 Citations (Scopus)


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 languageEnglish
Pages (from-to)1125 - 1132
Number of pages8
JournalApplied Financial Economics
Issue number14
Publication statusPublished - 2010
Externally publishedYes

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