We study the quantity of ESG disclosure of 1,963 large-cap companies headquartered in 49
countries. Using the Bloomberg ESG disclosure score as the measure of disclosure quantity …

This paper reviews the relatively more recent literature on equity home bias–the empirical
finding that people overinvest in domestic stocks relative to the optimal investment portfolio …

Environmental, social, and governance (ESG) pillars help determine the business
organizations' sustainable business practices. Considering the same, this research …

We establish currency as an important factor sha** global portfolios. Using a new security-
level data set, we demonstrate that investor holdings are biased toward their own currencies …

This paper reviews the recent literature on equity home bias-the empirical finding that
people over invest in domestic stocks relative to the theoretically optimal investment …

Home bias is a perennial feature of international capital markets. We review various
explanations of this puzzling phenomenon highlighting recent developments in …

Legal, administrative and economic considerations offer no compelling reason for the
current tax advantage of debt finance in many countries. Instead, this 'debt bias' creates …

The predictability of geopolitical risks (GPR) for exchange rate volatility of the BRICS is
examined using both historical and recent GPR data. Relying on the GARCH-MIDAS-X …

This paper proposes a new explanation for the failure of Uncovered Interest Parity (UIP) that
rationalizes both the classic UIP puzzle and the evidence that the puzzle reverses direction …

We assess the properties of currency value strategies based on real exchange rates. We
find that real exchange rates have predictive power for the cross-section of currency excess …