The Role of Information Asymmetries and Inflation Hedging in International Equity Portfolios

33 Pages Posted: 14 May 2009

See all articles by Maela Giofré

Maela Giofré

University of Turin - Department of Economics and Statistics; CeRP-CCA; Netspar

Date Written: January 21, 2009

Abstract

We investigate the role of information asymmetries and inflation hedging in shaping international equity portfolios. We confirm, in a multinational setting, Cooper and Kaplanis (1994) result of no inflation hedging motive driving investors' behavior and find evidence of a crucial role for financial market development and trade linkages

Keywords: equity home bias, portfolio choice, inflation hedging, information asymmetries

JEL Classification: F21, F30, F36, G11, G14, G15

Suggested Citation

Giofré, Maela, The Role of Information Asymmetries and Inflation Hedging in International Equity Portfolios (January 21, 2009). Journal of Multinational Financial Management, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1404624

Maela Giofré (Contact Author)

University of Turin - Department of Economics and Statistics ( email )

Lungo Dora Siena 100/A
Torino, Turin - Piedmont 10153
Italy

CeRP-CCA ( email )

Via Real Collegio 30
Moncalieri (TO), Turin 10024
Italy

Netspar ( email )

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

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