Author: Zoran Ivkovich
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 46
Book Description
Abstract: Using a data set on the investments made by a large number of retail investors from 1991 to 1996, we find that households exhibit a strong preference for local investment - the average household invests nearly a third of their portfolio in firms headquartered within 250 miles. We test whether this locality bias is driven by information or by simple familiarity. The average household generates an additional return of 3.7% per year from its local holdings relative to its non-local holdings, suggesting local investors are able to exploit local knowledge. The excess return to investing locally is even larger among stocks not in the S & P 500 index (firms where informational asymmetries between local and non-local investors may be largest), while there is no excess return earned by households that invest in local S & P 500 stocks.
Local Does as Local is
Author: Zoran Ivkovich
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 46
Book Description
Abstract: Using a data set on the investments made by a large number of retail investors from 1991 to 1996, we find that households exhibit a strong preference for local investment - the average household invests nearly a third of their portfolio in firms headquartered within 250 miles. We test whether this locality bias is driven by information or by simple familiarity. The average household generates an additional return of 3.7% per year from its local holdings relative to its non-local holdings, suggesting local investors are able to exploit local knowledge. The excess return to investing locally is even larger among stocks not in the S & P 500 index (firms where informational asymmetries between local and non-local investors may be largest), while there is no excess return earned by households that invest in local S & P 500 stocks.
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 46
Book Description
Abstract: Using a data set on the investments made by a large number of retail investors from 1991 to 1996, we find that households exhibit a strong preference for local investment - the average household invests nearly a third of their portfolio in firms headquartered within 250 miles. We test whether this locality bias is driven by information or by simple familiarity. The average household generates an additional return of 3.7% per year from its local holdings relative to its non-local holdings, suggesting local investors are able to exploit local knowledge. The excess return to investing locally is even larger among stocks not in the S & P 500 index (firms where informational asymmetries between local and non-local investors may be largest), while there is no excess return earned by households that invest in local S & P 500 stocks.
Local Does as Local is
Author: Zoran Ivkovich
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
Book Description
Using a data set on the investments made by a large number of retail investors from 1991 to 1996, we find that households exhibit a strong preference for local investment - the average household invests nearly a third of their portfolio in firms headquartered within 250 miles. We test whether this locality bias is driven by information or by simple familiarity. The average household generates an additional return of 3.7% per year from its local holdings relative to its non-local holdings, suggesting local investors are able to exploit local knowledge. The excess return to investing locally is even larger among stocks not in the Samp;P 500 index (firms where informational asymmetries between local and non-local investors may be largest), while there is no excess return earned by households that invest in local Samp;P 500 stocks.
Publisher:
ISBN:
Category :
Languages : en
Pages : 48
Book Description
Using a data set on the investments made by a large number of retail investors from 1991 to 1996, we find that households exhibit a strong preference for local investment - the average household invests nearly a third of their portfolio in firms headquartered within 250 miles. We test whether this locality bias is driven by information or by simple familiarity. The average household generates an additional return of 3.7% per year from its local holdings relative to its non-local holdings, suggesting local investors are able to exploit local knowledge. The excess return to investing locally is even larger among stocks not in the Samp;P 500 index (firms where informational asymmetries between local and non-local investors may be largest), while there is no excess return earned by households that invest in local Samp;P 500 stocks.
All Data Are Local
Author: Yanni Alexander Loukissas
Publisher: MIT Press
ISBN: 0262039664
Category : Computers
Languages : en
Pages : 267
Book Description
How to analyze data settings rather than data sets, acknowledging the meaning-making power of the local. In our data-driven society, it is too easy to assume the transparency of data. Instead, Yanni Loukissas argues in All Data Are Local, we should approach data sets with an awareness that data are created by humans and their dutiful machines, at a time, in a place, with the instruments at hand, for audiences that are conditioned to receive them. The term data set implies something discrete, complete, and portable, but it is none of those things. Examining a series of data sources important for understanding the state of public life in the United States—Harvard's Arnold Arboretum, the Digital Public Library of America, UCLA's Television News Archive, and the real estate marketplace Zillow—Loukissas shows us how to analyze data settings rather than data sets. Loukissas sets out six principles: all data are local; data have complex attachments to place; data are collected from heterogeneous sources; data and algorithms are inextricably entangled; interfaces recontextualize data; and data are indexes to local knowledge. He then provides a set of practical guidelines to follow. To make his argument, Loukissas employs a combination of qualitative research on data cultures and exploratory data visualizations. Rebutting the “myth of digital universalism,” Loukissas reminds us of the meaning-making power of the local.
Publisher: MIT Press
ISBN: 0262039664
Category : Computers
Languages : en
Pages : 267
Book Description
How to analyze data settings rather than data sets, acknowledging the meaning-making power of the local. In our data-driven society, it is too easy to assume the transparency of data. Instead, Yanni Loukissas argues in All Data Are Local, we should approach data sets with an awareness that data are created by humans and their dutiful machines, at a time, in a place, with the instruments at hand, for audiences that are conditioned to receive them. The term data set implies something discrete, complete, and portable, but it is none of those things. Examining a series of data sources important for understanding the state of public life in the United States—Harvard's Arnold Arboretum, the Digital Public Library of America, UCLA's Television News Archive, and the real estate marketplace Zillow—Loukissas shows us how to analyze data settings rather than data sets. Loukissas sets out six principles: all data are local; data have complex attachments to place; data are collected from heterogeneous sources; data and algorithms are inextricably entangled; interfaces recontextualize data; and data are indexes to local knowledge. He then provides a set of practical guidelines to follow. To make his argument, Loukissas employs a combination of qualitative research on data cultures and exploratory data visualizations. Rebutting the “myth of digital universalism,” Loukissas reminds us of the meaning-making power of the local.
Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments
Does Local Government Matter?
Author: Elaine B. Sharp
Publisher: U of Minnesota Press
ISBN: 0816677085
Category : Political Science
Languages : en
Pages : 247
Book Description
Asks and answers hard questions about the consequences of local government programs for democracy
Publisher: U of Minnesota Press
ISBN: 0816677085
Category : Political Science
Languages : en
Pages : 247
Book Description
Asks and answers hard questions about the consequences of local government programs for democracy
Does the monitoring of local governance improve transparency? Lessons from three approaches in subnational jurisdictions
Author: Sarmiento Barletti, J.P.
Publisher: CIFOR
ISBN:
Category :
Languages : en
Pages : 6
Book Description
Key messages Subnational governments are key players in land and forest governance and are expected to meet demands for informed decision-making and transparency, particularly in the context of the emphasis on transparency in climate
Publisher: CIFOR
ISBN:
Category :
Languages : en
Pages : 6
Book Description
Key messages Subnational governments are key players in land and forest governance and are expected to meet demands for informed decision-making and transparency, particularly in the context of the emphasis on transparency in climate
Does Local Financing Make Primary Schools More Efficient?
Author: Emmanuel Jimenez
Publisher: World Bank Publications
ISBN:
Category : Educacion - Filipinas
Languages : en
Pages : 23
Book Description
Publisher: World Bank Publications
ISBN:
Category : Educacion - Filipinas
Languages : en
Pages : 23
Book Description
The Service Sheet
Author: New York State College of Agriculture
Publisher:
ISBN:
Category :
Languages : en
Pages : 200
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 200
Book Description
Code of Federal Regulations
Author:
Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 1176
Book Description
Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.
Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 1176
Book Description
Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.
Southern Reporter
Author:
Publisher:
ISBN:
Category : Law reports, digests, etc
Languages : en
Pages : 1138
Book Description
Includes the decisions of the Supreme Courts of Alabama, Florida, Louisiana, and Mississippi, the Appellate Courts of Alabama and, Sept. 1928/Jan. 1929-Jan./Mar. 1941, the Courts of Appeal of Louisiana.
Publisher:
ISBN:
Category : Law reports, digests, etc
Languages : en
Pages : 1138
Book Description
Includes the decisions of the Supreme Courts of Alabama, Florida, Louisiana, and Mississippi, the Appellate Courts of Alabama and, Sept. 1928/Jan. 1929-Jan./Mar. 1941, the Courts of Appeal of Louisiana.