Some suggest higher transaction costs on foreign assets as an explanation for why investors are so heavily

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Some suggest higher transaction costs on foreign assets as an explanation for why investors are so heavily weighted in domestic assets. Cite two studies that do not support the notion that transaction costs are responsible for familiarity bias. What are some less observable costs of foreign assets that could still limit foreign ownership?

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Behavioral Finance

ISBN: 9780190868741

1st Edition

Authors: H. Kent Baker, Greg Filbeck, John R. Nofsinger

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