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

Call for Paper Volume 6 Issue 3 May-June 2024 Submit your research before last 3 days of June to publish your research paper in the issue of May-June.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 6 Issue 3
May-June 2024

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

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
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 3 Cover Page Vol 6 Isu 2 Cover Page Vol 6 Isu 1

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.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9898-5948-55 editor@ijfmr.com