Proximity Bias in Investors’ Portfolio Choice

1. Introduction
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

Part I. Porfolio Theory, Decision-Making and Market Efficiency

2. Investors’ Portfolio Choice and Portfolio Theory
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

3. Decision-Making—Rational, Bounded, or Behavioral
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

4. Market Efficiency and the Standard Asset Pricing Models Used to Test Market Efficiency
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

Part II. Investor Behavior, Proximity Bias and Firms’ Capital Structure

5. The Financial Behavior of Individual Investors
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

6. The Measurement of Proximity Bias
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

7. Motives and Reasons for Proximity Bias
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

8. Local Bias and Capital Structure
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

Part III. The Impact of Local Media, Portfolio Rebalancing and Financial Sophistication

9. Local News and Active Trading
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

10. Portfolio Rebalancing by Individual Investors
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

11. The Relation Between Local Bias, Home Bias, and Financial Sophistication
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

12. Conclusions and Implications
Ted Lindblom, Taylan Mavruk, Stefan Sjögren

Nyckelord: Finance, Investments and Securities, Capital Markets