Trust and local bias
This paper examines the effect of social trust on local bias. Our evidence suggests that institutional investors located in high-trust regions of the United States exhibit lower local bias. Moreover, we find that high-trust investors are better diversified, suggesting that trust helps accomplish gre...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2019
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/6529 https://ink.library.smu.edu.sg/context/lkcsb_research/article/7528/viewcontent/Trust_bias_sv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |