- English
- PDF
- Available on iOS & Android
eBook - PDF
Proximity Bias in Investors' Portfolio Choice
About this book
This book helps readers understand the widely documented distortion in the portfolio choice of individual investors toward proximate firms – the proximity bias phenomenon. First, it recapitulates the fundamentals of modern portfolio theory. It then goes on to describe and demonstrate different approaches on how to measure proximity bias and identifies and examines potential motives and reasons for such a bias. In addition, the book presents new analysis on the financial effects of individual investors' proximity bias, explaining and contributing with possible policy implications on their portfolio distortion. This book will be of interest to students and researchers, as well as decision-makers in business firms and households.
Frequently asked questions
Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription.
No, books cannot be downloaded as external files, such as PDFs, for use outside of Perlego. However, you can download books within the Perlego app for offline reading on mobile or tablet. Learn more here.
Perlego offers two plans: Essential and Complete
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Yes! You can use the Perlego app on both iOS or Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Proximity Bias in Investors' Portfolio Choice by Ted Lindblom,Taylan Mavruk,Stefan Sjögren in PDF and/or ePUB format, as well as other popular books in Business & Financial Services. We have over one million books available in our catalogue for you to explore.
Information
Table of contents
- Contents
- List of Figures
- List of Tables
- 1 Introduction
- Porfolio Theory, Decision-Making and Market Efficiency
- 2 Investors’ Portfolio Choice and Portfolio Theory
- 3 Decision-Making—Rational, Bounded, or Behavioral
- 4 Market Efficiency and the Standard Asset Pricing Models Used to Test Market Efficiency
- Investor Behavior, Proximity Bias and Firms’ Capital Structure
- 5 The Financial Behavior of Individual Investors
- 6 The Measurement of Proximity Bias
- 7 Motives and Reasons for Proximity Bias
- 8 Local Bias and Capital Structure
- The Impact of Local Media, Portfolio Rebalancing and Financial Sophistication
- 9 Local News and Active Trading
- 10 Portfolio Rebalancing by Individual Investors
- 11 The Relation Between Local Bias, Home Bias, and Financial Sophistication
- 12 Conclusions and Implications
- Index