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Liberalism and home equity bias

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dc.contributor.author Benos, Evangelos
dc.contributor.author Jochec, Marek
dc.date.accessioned 2016-04-20T09:55:08Z
dc.date.available 2016-04-20T09:55:08Z
dc.date.issued 2009-04-29
dc.identifier.uri http://nur.nu.edu.kz/handle/123456789/1422
dc.description.abstract Countries whose citizens have liberal ideals are less biased toward domestic equity. Data from 30 countries suggests that economic as well as social liberalism is associated with proportionally higher foreign equity holdings. A one standard deviation increase in the level of economic (social) liberalism relative to time-series and cross-sectional averages, is associated with a 5% (2%) relative decrease of home equity bias. These results hold after controlling for standard rational and behavioral explanations of the home equity bias as well as country and time fixed effects. ru_RU
dc.language.iso en ru_RU
dc.publisher Social Science Research Network (SSRN) http://www.ssrn.com/en/ ru_RU
dc.rights Attribution-NonCommercial-ShareAlike 3.0 United States *
dc.rights.uri http://creativecommons.org/licenses/by-nc-sa/3.0/us/ *
dc.subject liberalism ru_RU
dc.subject home equity bias ru_RU
dc.title Liberalism and home equity bias ru_RU
dc.type Article ru_RU


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Attribution-NonCommercial-ShareAlike 3.0 United States Except where otherwise noted, this item's license is described as Attribution-NonCommercial-ShareAlike 3.0 United States