id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
cord-035342-sf0zld5z	Gaar, Eduard	The home bias and the local bias: A survey	2020-11-12		.txt	text/plain	15453	906	49	Following the home bias and the intra-national local bias investors are inclined to invest disproportionately into local and domestic assets, not following portfolio diversification strategies. But, even in a model without barriers to international investments, investors hold a higher share of domestic assets than expected by standard portfolio theory (Stulz 1981a) . Since home bias is a type of portfolio concentration, this finding means that an investor is inclined to learn more and more about the assets he already knows in order to obtain specific information. Though, different to many studies, in this review not all of the analyses, that state a not-better performance of biased portfolios, are considered to be in favour of the familiarity explanation for home and local bias but have to provide explicit evidence that pure familiarity plays a significant role to explain the bias.	./cache/cord-035342-sf0zld5z.txt	./txt/cord-035342-sf0zld5z.txt