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股票市场开放与本国偏好之谜 被引量:1

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摘要 目前股票市场全球化程度越来越高 ,但投资者却不愿购买外国股票 ,这种现象被称为“本国偏好之谜”。本文主要对本国偏好的实证检验和各种理论解释进行综述 ,最后指出“法和金融学”可能是未来解释本国偏好的方向。
作者 朱云高
出处 《外国经济与管理》 CSSCI 北大核心 2004年第6期41-45,共5页 Foreign Economics & Management
基金 教育部人文社会科学研究基金"十五"规划资助项目 (0 1JB790 0 0 8)阶段性成果
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参考文献8

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同被引文献13

  • 1黄瑞玲,黄忠平.QDII收益与风险:资产组合国际分散化的分析框架[J].世界经济与政治论坛,2005(5):63-69. 被引量:9
  • 2Grubel, Herbert. Internationally Diversified Portfolios : Welfare gains and Capital Flows [ J ~. The American Economic Review, 1968, December Vol. 58 : 1299 - 1314.
  • 3Markowitz, H. M.. Portfolio Selection[ J]. Journal of Finance, 1952, March Vol. 6:77 - 91.
  • 4Markowitz, H. M.. Portfolio Selection : Efficient Diversification of Investment [ M ]. New York: Wiley, 1959.
  • 5Levy, H. and Sarnat, M.. International diversification of investment portfolios [ J]. The American Economic Review, 1970, September, Vol. 60 : 668 - 675.
  • 6Solnik, B. H.. Why Not Diversify Internationally rather than domestically? [ J ]. Financial Analysis Journal, 1974, July - August, Vol. 20 : 48 - 54.
  • 7Li, WKai, Sarkar, A. and Wang Zhenyu.. Diversification benefits of emerging markets subject to portfolio constraints [ J ~. Journal of Empirical Finance ,2003, Vol. 10 : pp. 57 - 80.
  • 8Chiang, WK. C. H. and Leonhard, C.. International Diversification: The Within and Between- Region Effects [ J ]. The Journal of Investing ,2007 ,Spring:51 - 68.
  • 9French, WK. and James, M. Poterba. Investor diversification and international equity markets [ J 1-American Economic Re- v/ew, 1991, Vol. 81, No. 2 : 222 - 226.
  • 10Coval,J. D,and T. J. Moskowitz. Home bias at home: local equity preference in domestic portfolios[ J]. The Journal of Finance, 1999, Vol. 54, No. 6 : 2045 - 2073.

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