Which of the following reasons does not support the home-bias theory?

Question

Quizplus · Accepted Answer

Knowledge about foreign firms actually supports the home-bias theory, as investors often have less knowledge and information about foreign companies, which results in them being less likely to invest in them. A, B, and D all support the home-bias theory as well, as nationalism and familiarity with domestic firms and local conditions can lead investors to exhibit a preference for investing in home stocks.

Which of the Following Reasons Does Not Support the Home-Bias