This paper reviews the relatively more recent literature on equity home bias–the empirical
finding that people overinvest in domestic stocks relative to the optimal investment portfolio …

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 …

A dynamic asset allocation problem in the presence of liabilities is considered. The fund
manager has von Neumann–Morgenstern preferences with terminal utility function defined …

Equity home bias for Australia superannuation funds is examined under a model that reflects
observed decision processes. The mix of Australian and international equities is evaluated …

What is the impact of investment restrictions on pension participants? Defined benefit public
pensions are often susceptible to political pressures to direct some of their investments …

Only 23% of all empirical studies published in the top journals in the field of Finance
examine non-US markets, a fraction that is well below measures that reflect their economic …

Navigation Bar Islamic Finance: The Regulatory Challenge Page 2 Islamic Finance: The
Regulatory Challenge Edited by Simon Archer and Rifaat Ahmed Abdel Karim John Wiley & …

Despite ongoing financial globalisation and integration, equity home bias seemingly
symptomatic of investment inefficiency, continues to persist as a puzzle within the global …

Executive Summary Modern Portfolio Theory (MPT) has revolutionized how investors think
about asset allocation by offering groundbreaking ideas on how to allocate investments …

概要日本の代表的な年金基金である GPIF と PFA を例に, 株式ホームバイアスのある GPIF
のポートフォリオの経済合理性を検証する. CAPM 成立を仮定した場合に国別配分が示唆する意図 …