English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

Using a unique historical source, we show that the bias towards local investments can – to a large extent – be explained by overall economic circumstances, the general performance of the market and the level of activity of the investor. We examine portfolio choices Stuttgart private banker Joseph Frisch made throughout his life and find that the preference for local shares was highest in times of insecurity, low returns and reduced investment activity. With higher returns, a stable and growing economy and more experience, the preference for local shares decreased.

Does the preference for investment in local firms rise in turbulent times? Evidence from the portfolio of Joseph Frisch, private banker (1923–55)