The Role of Information Asymmetries and Inflation Hedging in International Equity Portfolios
33 Pages Posted: 14 May 2009 Last revised: 30 Mar 2022
Abstract
We investigate the role of information asymmetries and inflation hedging in shaping international equity portfolios. We confirm, in a multinational setting, Cooper and Kaplanis (1994) result of no inflation hedging motive driving investors' behavior and find evidence of a crucial role for financial market development and trade linkages
Keywords: equity home bias, portfolio choice, inflation hedging, information asymmetries
JEL Classification: F21, F30, F36, G11, G14, G15
Suggested Citation: Suggested Citation
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