References
- Chan , K. , Covrig , V. and Ng , L. 2005 . What determines the domestic bias and foreign bias? Evidence from mutual fund equity allocations worldwide . Journal of Finance , 60 (3) : 1495 – 1534 .
- Chiang , K.C.H. , Kozhevnikov , K. , Lee , M.‐L. and Wisen , C.H. 2008 . Further evidence on the performance of funds: The case of real estate mutual funds . Real Estate Economics , 36 : 47 – 61 .
- Cooper , I. and Kaplanis , E. 1986 . “ Costs to cross‐border investment and international equity market equilibrium ” . In Recent Developments in Corporate Finance , Edited by: Edwards , J. , Franks , J. , Mayer , C. and Schaeafer , S. 209 – 240 . Cambridge, , UK : Cambridge University Press .
- Cooper , I. and Kaplanis , E. 1994 . Home bias in equity portfolios, inflation hedging, and international capital market equilibrium . The Review of Financial Studies , 7 (1) : 45 – 60 .
- Coval , J.D. and Moskowitz , T.J. 1999 . Home bias at home: local equity preference in domestic portfolios . Journal of Finance , 54 (6) : 2045 – 2073 .
- Dahlquist , M. , Pinkowitz , L. , Stulz , R.M. and Williamson , R. 2003 . Corporate governance and the home bias . Journal of Financial & Quantitative Analysis , 38 (1) : 87 – 110 .
- Eichholtz , P. , Gugler , N. and Kok , N. 2009 . “ Transparency, integration, and the costs of international real estate investment ” . Working paper, SSRN. Available online at http://ssrn.com/paper=1346409
- Eichholtz , P. , Koedijk , K. and Schweitzer , M. 2001 . Global property investment and the costs of international diversification . Journal of International Money and Finance , 20 (3) : 349 – 366 .
- French , K.R. and Poterba , J.M. 1991 . Investor diversification and international equity markets . The American Economic Review , 81 (2) : 222 – 226 .
- Giannetti , M. and Koskinen , Y. 2008 . “ Investor protection, equity returns and financial globalization ” . Working paper, SSRN. Available online at http://ssrn.com/abstract=942513
- Grinblatt , M. and Keloharju , M. 2001 . How distance, language, and culture influence stockholdings and trades . Journal of Finance , 56 (3) : 1053 – 1073 .
- Hartzell , J.C. , Mühlhofer , T. and Titman , S.D. 2010 . Alternative benchmarks for evaluating mutual fund performance . Real Estate Economics , 38 (1) : 121 – 154 .
- Hughes , F. and Arissen , J. 2006 . Top Real Estate Fund Managers Go Global , Schiphol Airport, , the Netherlands : EPRA .
- Kallberg , J.G. and Liu , C.H. 1998 . “ Evaluating stock price volatility: The case of REITs ” . Department of Finance Working Paper Series. New York : NYU Stern School of Business .
- Lin , C.Y. and Yung , K. 2004 . Real estate mutual funds: Performance and persistence . Journal of Real Estate Research , 26 : 69 – 93 .
- Ling , D. and Naranjo , A. 2006 . Dedicated REIT mutual fund flows and REIT performance . Journal of Real Estate Finance & Economics , 32 (4) : 409 – 433 .
- Oehler , A. , Rummer , M. and Wendt , S. 2008 . Portfolio selection of German investors: On the causes of home‐biased investment decisions . Journal of Behavioural Finance , 9 (3) : 149 – 162 .
- O’Neal , E.S. and Page , D.E. 2000 . Real estate mutual funds: Abnormal performance and fund characteristics . Journal of Real Estate Portfolio Management , 6 (3) : 239 – 247 .
- Portes , R. and Rey , H. 2005 . The determinants of cross‐border equity flows . Journal of International Economics , 65 (2) : 269 – 296 .
- Rowland , P. 1999 . Transaction costs and international portfolio diversification . Journal of International Economics , 49 : 145 – 170 .
- Strong , N. and Xu , X. 2003 . Understanding the equity home bias: Evidence from survey data . Review of Economics & Statistics , 85 (2) : 307 – 312 .
- Worzala , E. and Sirmans , C.F. 2003 . Investing in international real estate stocks: A review of the literature . Urban Studies , 40 (5/6) : 1115 – 1149 .