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Cited by 892

The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.

What Determines the Domestic Bias and Foreign Bias? Evidence from Mutual Fund Equity Allocations Worldwide

CHAN, KALOK, COVRIG, VICENTIU, NG, LILIAN·2005·The Journal of Finance
DOI 10.1111/j.1540-6261.2005.768_1.x
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Abstract

We examine how mutual funds from 26 developed and developing countries allocate their investment between domestic and foreign equity markets and what factors determine their asset allocations worldwide. We find robust evidence that these funds, in aggregate, allocate a disproportionately larger fraction of investment to domestic stocks. Results indicate that the stock market development and familiarity variables have significant, but asymmetric, effects on the domestic bias (domestic investors overweighting the local markets) and foreign bias (foreign investors under or overweighting the overseas markets), and that economic development, capital controls, and withholding tax variables have significant effects only on the foreign bias.

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Metadata

Authors
CHAN, K., COVRIG, V., & NG, L.
Venue
The Journal of Finance
Publisher
Wiley
Published
2005-05-03
Volume
60
Issue
3
Pages
1495-1534
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2005.768_1.x
OpenAlex
W2000470542
Cited by
892
References
32
FWCI
39.19
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: What Determines the Domestic Bias and Foreign Bias? Evidence from Mutual Fund Equity Allocations Worldwide. https://app.cochat.ai/papers/10.1111/j.1540-6261.2005.768_1.x
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CHAN, K., COVRIG, V., & NG, L. (2005). What Determines the Domestic Bias and Foreign Bias? Evidence from Mutual Fund Equity Allocations Worldwide. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2005.768_1.x

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.