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dc.contributor.authorKwabi, Franken
dc.contributor.authorThapa, Chandraen
dc.contributor.authorPaudyal, Krishnaen
dc.contributor.authorAdegbite, E.en
dc.date.accessioned2017-08-30T13:59:58Z
dc.date.available2017-08-30T13:59:58Z
dc.date.issued2017-09-09
dc.identifier.citationKwabi, F., Thapa, C., Paudyal, K. and Adegbite, E. (2017) Biases in International Portfolio Allocation and Investor Protection Standards. International Review of Financial Analysis, 53, pp. 66-79en
dc.identifier.issn1057-5219
dc.identifier.urihttp://hdl.handle.net/2086/14442
dc.descriptionThe file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.en
dc.description.abstractEconomic reasoning suggests that financial globalization that encourages optimal international portfolio investments should improve investor protection standards (IPS) of a country. In practice, however, investors manifest varying degrees of suboptimal international portfolio allocations. Using a panel dataset covering 44 countries spanning over 15 years we examine whether suboptimal equity portfolio allocation in part is associated with the cross-country variations in IPS. Consistent with economic reasoning we find robust indications that international portfolio allocation may play an important role in the development of IPS. More specifically, the quality of IPS improves with higher degrees of optimal international equity portfolio allocation of domestic and foreign investors.en
dc.language.isoenen
dc.publisherElsevieren
dc.subjectfinancial globalizationen
dc.subjectinvestor protection standardsen
dc.subjectequity home biasen
dc.subjectEquity foreign biasen
dc.titleBiases in International Portfolio Allocation and Investor Protection Standardsen
dc.typeArticleen
dc.identifier.doihttps://doi.org/10.1016/j.irfa.2017.08.005
dc.researchgroupFiBReen
dc.peerreviewedYesen
dc.funderN/Aen
dc.projectidN/Aen
dc.cclicenceCC-BY-NC-NDen
dc.date.acceptance2017-08-21en
dc.researchinstituteFinance and Banking Research Group (FiBRe)en


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