Article ID Journal Published Year Pages File Type
5089902 Journal of Banking & Finance 2012 12 Pages PDF
Abstract
► We document an investor preference for domestic financial institutions. ► We call this preference the home-institution bias. ► The home-institution bias is distinct from the home-asset bias. ► The home-institution bias suggests individuals prefer dealing with the familiar. ► The home-institution bias is strongest among unsophisticated investors.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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