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Inattentive importers
In: Journal of international economics, Band 112, S. 150-165
ISSN: 0022-1996
Imperfect financial integration and asymmetric information: competing explanations of the home bias puzzle?
In: The Canadian journal of economics: the journal of the Canadian Economics Association = Revue canadienne d'économique, Band 46, Heft 1, S. 310-337
ISSN: 1540-5982
Abstract This paper shows that imperfect financial integration and informational asymmetries are not competing theories but rather complementary ideas to a single explanation of the home bias puzzle. We develop a rational expectations model of asset prices with investors that face informational constraints and find that informational advantages arise endogenously as a response to small financial frictions. We also present empirical evidence that (i) international financial frictions are correlated to observed patterns of US investors' attention and that (ii) the attention US investors allocate to foreign stocks helps explain home bias towards those countries, even after controlling for financial integration levels.
The puzzling evolution of the home bias, information processing and financial openness
In: Journal of economic dynamics & control, Band 34, Heft 5, S. 875-896
ISSN: 0165-1889
Financial Contagion and Attention Allocation
In: The economic journal: the journal of the Royal Economic Society, Band 123, Heft 568, S. 429-454
ISSN: 1468-0297
Familiarity and Surprises in International Financial Markets
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The Asset Pricing and Real Implications of Relationship Disclosure
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Asymmetric Attention and Stock Returns
In: Management Science, 2021, 67(1): 48-71
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The determinants of international investment and attention allocation: Using internet search query data
In: Journal of international economics, Band 82, Heft 1, S. 85-95
ISSN: 0022-1996
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