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The role of information asymmetries and inflation hedging in international equity portfolios

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  • Giofré, Maela

Abstract

We investigate the role of information asymmetries and inflation hedging in shaping international equity portfolios. We confirm, in a multinational setting, Cooper and Kaplanis [Cooper, I.A., Kaplanis, E., 1994. Home bias in equity portfolios, inflation hedging and international capital market equilibrium. Review of Financial Studies 7 (1), 45-60] result of no inflation hedging motive driving investors' behavior and find evidence of a crucial role for financial market development and trade linkages.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Multinational Financial Management.

Volume (Year): 19 (2009)
Issue (Month): 4 (October)
Pages: 237-255

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Handle: RePEc:eee:mulfin:v:19:y:2009:i:4:p:237-255

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Web page: http://www.elsevier.com/locate/mulfin

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Keywords: Equity home bias Portfolio choice Inflation hedging Information asymmetries;

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Cited by:
  1. Maela Giofré, 2012. "Convergence of EMU Equity Portfolios," Open Economies Review, Springer, vol. 23(2), pages 381-419, April.

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