Distance, Language, and Culture Bias: The Role of Investor Sophistication
This paper documents that investors are more likely to hold, buy and sell the stocks of Finnish firms that are located close to the investor, that communicate in the investor's native tongue, and that have chief executives of the same cultural backgrou
|Date of creation:||01 May 2000|
|Date of revision:||01 Nov 2001|
|Contact details of provider:|| Web page: http://icf.som.yale.edu/|
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3609, National Bureau of Economic Research, Inc.
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NBER Working Papers
5166, National Bureau of Economic Research, Inc.
- Kang, Jun-Koo & Stulz, Rene M., 1997. "Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan," Journal of Financial Economics, Elsevier, vol. 46(1), pages 3-28, October.
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