haku: @indexterm Turnover / yhteensä: 171
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| Tekijä: | Warnock, F. E. |
| Otsikko: | Home bias and high turnover reconsidered |
| Lehti: | Journal of International Money and Finance
2002 : NOV, VOL. 21:6, p. 795-805 |
| Asiasana: | Transaction costs Portfolio management Turnover |
| Kieli: | eng |
| Tiivistelmä: | The Tesar and Werner (J. Int. Money and Finance 1995) finding of very high turnover rates on foreign equity portfolios is based on an underestimation of cross-border equity positions. Foreign turnover rates calculated using information from comprehensive benchmark surveys on cross-border holdings are much lower than previously reported and comparable to domestic turnover rates. The basic intuitition from the Tesar-Werner study is confirmed using data on transactiuon costs in 41 markets. |
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