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

  • Giofré, Maela

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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File URL: http://www.sciencedirect.com/science/article/pii/S1042-444X(09)00002-4
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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
Contact details of provider: Web page: http://www.elsevier.com/locate/mulfin

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