![](images/logo.png?v=2)
International Journal For Multidisciplinary Research
E-ISSN: 2582-2160
•
Impact Factor: 9.24
A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
Home
Research Paper
Submit Research Paper
Publication Guidelines
Publication Charges
Upload Documents
Track Status / Pay Fees / Download Publication Certi.
Editors & Reviewers
View All
Join as a Reviewer
Reviewer Referral Program
Get Membership Certificate
Current Issue
Publication Archive
Conference
Publishing Conf. with IJFMR
Upcoming Conference(s) ↓
WSMCDD-2025
Conferences Published ↓
RBS:RH-COVID-19 (2023)
ICMRS'23
PIPRDA-2023
Contact Us
Plagiarism is checked by the leading plagiarism checker
Call for Paper
Volume 6 Issue 4
July-August 2024
Indexing Partners
![Academia.edu Academia](images/index-partners/academia.png)
![Advanced Sciences Index Advanced Sciences Index](images/index-partners/advanced-sciences.png)
![Bielefeld Academic Search Engine Bielefeld Academic Search Engine](images/index-partners/bielefeld.gif)
![CiteSeer CiteSeer](images/index-partners/cite-seer.png)
![DRJI DRJI](images/index-partners/drji.png)
![Google Scholar Google Scholar](images/index-partners/google-scholar.png)
![Independent Search Engine & Directory Network (isedn.org) Independent Search Engine & Directory Network](images/index-partners/isedn.jpg)
![ISI (International Scientific Indexing) ISI (International Scientific Indexing)](images/index-partners/isi.png)
![Issuu Issuu](images/index-partners/issuu.png)
![Mendeley Research Networks Mendeley Research Networks](images/index-partners/mendeley.png)
![RefSeek RefSeek](images/index-partners/ref-seek.png)
![ResearcherId - Thomson Reuters ResearcherId - Thomson Reuters](images/index-partners/researcher-id.png)
![ResearchGate ResearchGate](images/index-partners/research-gate.png)
![Scirus Scirus](images/index-partners/scirus.png)
![Scribd Scribd](images/index-partners/scribd.gif)
![Semantic Scholar Semantic Scholar](images/index-partners/semantic-scholar.png)
![UTeM - Universiti Teknikal Malaysia Melaka UTeM - Universiti Teknikal Malaysia Melaka](images/index-partners/utem.png)
![Wiki for Call for Papers Wiki for Call for Papers](images/index-partners/wiki-cfp.png)
![WorldCat WorldCat](images/index-partners/world-cat.png)
A Study of the Determinants of Home Bias Puzzle in Emerging and Developing Economies
Author(s) | Intissar Grissa, Ezzeddine Abaoub |
---|---|
Country | Tunisia |
Abstract | The objective of this research paper is to identify the explanatory factors of the Home Bias Puzzle (HBP), which has been widely debated in the literature, Using a sample of 40 countries observed over the period 2006-2021. The econometric results obtained the Ordinary Least Squares (OLS) estimation method suggest that all selected explanatory variables are significant (governance variables (panel A), macroeconomic variables (panel B), information asymmetry, familiarity, and geographical variables (panel D), Foreign Trade variables (panel E), and geopolitical variables (panel F)), except for the variables related to market size and microstructure (panel C). It appears that emerging countries exhibit the highest levels of home bias. Indeed, over the entire study period, the average Home Bias in developed countries decreased from 76.39% in 2006 to 47.39% in 2021, representing a decrease of approximately 38%. In contrast, emerging countries display a nearly constant pattern of Home Bias. Specifically, the Home Bias rate was 92.84% in 2006, compared to a rate of 88.47% in 2021. The reasons have been validated within the framework of the six panels A, B, C, D, E, and F. |
Keywords | International Diversification, Home Bias, Emerging Markets |
Field | Business Administration |
Published In | Volume 6, Issue 1, January-February 2024 |
Published On | 2024-02-27 |
Cite This | A Study of the Determinants of Home Bias Puzzle in Emerging and Developing Economies - Intissar Grissa, Ezzeddine Abaoub - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.13397 |
DOI | https://doi.org/10.36948/ijfmr.2024.v06i01.13397 |
Short DOI | https://doi.org/gtktjw |
Share this
E-ISSN 2582-2160
![](images/ean-13-barcode.gif)
CrossRef DOI is assigned to each research paper published in our journal.
IJFMR DOI prefix is
10.36948/ijfmr
Downloads
All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.
![](images/loading.gif)