International Investment Patterns
系统分析驱动跨国投资组合股权持有的双边因素，发现双边股权持有与商品和服务贸易强相关，且与信息距离指标相关。
We provide a systematic analysis of the bilateral factors driving portfolio equity holdings across countries. We find that bilateral equity holdings are strongly correlated with bilateral trade in goods and services. Larger bilateral positions are also associated with proxies for informational proximity. Copyright by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.