.... Practical implications This study demonstrates that more pronounced gender equality is associated with less pronounced home bias in portfolio investment, implying that policymakers and financial institutions might promote international diversification by increasing gender equality. Originality/value...

... that age should affect portfolio choice because older investors have shorter investment horizons and generally greater wealth than younger investors (Campbell and Viceira, 2002). Thus, we expect a positive relation between age and the level of portfolio diversification. Prior studies suggest that risk...