Proximity Bias in Investors’ Portfolio Choice

Häftad, Engelska, 2018

AvTed Lindblom,Taylan Mavruk,Stefan Sjögren,Stefan Sjogren

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This book helps readers understand the widely documented distortion in the portfolio choice of individual investors toward proximate firms – the proximity bias phenomenon.

Produktinformation

Utgivningsdatum2018-08-03
Mått148 x 210 x 17 mm
Vikt396 g
FormatHäftad
SpråkEngelska
Antal sidor291
FörlagSpringer International Publishing AG
ISBN9783319854731

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Finansiering inom Ekonomi och Ledarskap

Ted Lindblom is a Professor at the School of Business, Economics and Law at the University of Gothenburg, Sweden. His current research focuses on bank regulation and corporate finance with a particular focus on corporate governance, capital budgeting and financial structure decisions.Taylan Mavruk is an Assistant Professor of Business Administration in Finance at the School of Business, Economics and Law at the University of Gothenburg, Sweden. His research focuses on empirical portfolio choice, home bias, local bias, and insider trading.Stefan Sjögren is an Associate Professor in the Department of Business Administration at the School of Business, Economics and Law, at the University of Gothenburg, Sweden. His research interests cover a broad range of corporate finance issues and include publications on valuation, capital structure, venture capital, capital budgeting, deregulation, law and finance and efficiency measurement.

Chapter 1: Investor portfolio choice and portfolio theory.- Chapter 2: Decision-making—Rational, Bounded or Behaviorally biases.- Chapter 3: Market efficiency and the standard asset pricing models used to test market efficiency.- Chapter 4: The Financial Behavior of Individual Investors.- Chapter 5: The Measurement of Proximity Bias.- Chapter 6: Motives and Reasons for Proximity bias.- Chapter 7: Local Bias and Capital Structure.- Chapter 8: Local news and active trading.- Chapter 9: Portfolio rebalancing by individual investors and flight to safety.- Chapter 10. The relation between local bias, international home bias and financial sophistication.- Chapter 11: Conclusions and implications.