国際金融におけるホームバイアスと地域愛着 Equity Home Bias in International Finance : A Place-Attachment Perspective

著者名：Ardalan, Kavous

Routledge（2019/05/17発売）

• 言語：ENG
• ISBN：9780367230678
• eISBN：9781000008272

Description

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 theoretically optimal investment portfolio. It introduces place attachment – the bonding that occurs between individuals and their meaningful environments – as a new explanation for equity home bias, and presents a philosophically multi-paradigmatic view of place attachment.

For the first time, a comprehensive and up-to-date review of the extant literature is provided, demonstrating that place attachment is a contributing factor to 22 different topics in which variations of home bias are present. The author also analyses the social-psychological underpinnings of place attachment, and considers the effect of multi-culturalism on the future of equity home bias.

The book’s unique approach discusses the issues in conceptual terms rather than through data and statistical methods. This multi- and inter-disciplinary book is an invaluable resource for graduate students and researchers interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.

Table of Contents

1. The Equity Home Bias Puzzle 2. Place Attachment 3. The Equity Home Bias Puzzle: A Place-Attachment Explanation 4. A Look into the Future