dc.contributor.author | Solberg, Therese | |
dc.contributor.author | Lyche, Annette Lucia | |
dc.date.accessioned | 2018-12-17T15:25:52Z | |
dc.date.available | 2018-12-17T15:25:52Z | |
dc.date.issued | 2018 | |
dc.identifier.uri | http://hdl.handle.net/11250/2577992 | |
dc.description | Master of Science in Finance/Master of Science in Business, Handelshøyskolen BI, 2018 | nb_NO |
dc.description.abstract | We investigate home bias and the determinants of cross-border portfolio
allocation on total, equity and debt portfolios across the 30 largest economies in
the world based on GDP and economic openness. The thesis is based on data
from the Coordinated Portfolio Investment Survey (CPIS) by the IMF, over the
period 2001-2016. In our investigation of home bias, we find a declining trend
throughout the period, except when there exist financial shocks to the economy.
We find that the strongest drivers of cross-border portfolio allocation are the
rational portfolio optimization factors. Indicating that investors aim to reallocate
their portfolio and close the distance between actual weights and optimal
weights following the ICAPM to achieve a diversified portfolio. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | Handelshøyskolen BI | nb_NO |
dc.subject | finance | nb_NO |
dc.subject | finans | nb_NO |
dc.subject | business | |
dc.title | Home bias in international equity and debt holdings: A study of cross-border portfolio allocation | nb_NO |
dc.type | Master thesis | nb_NO |