Investor Benefits from International Portfolio Diversification
Author: Sheldon Novack
Publisher:
Published: 1973
Total Pages: 338
ISBN-13:
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Author: Sheldon Novack
Publisher:
Published: 1973
Total Pages: 338
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DOWNLOAD EBOOKAuthor: Philip J. Molloy
Publisher:
Published: 1990
Total Pages: 139
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DOWNLOAD EBOOKAuthor: Minji Yoo
Publisher:
Published: 2006
Total Pages: 146
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DOWNLOAD EBOOKAuthor: Roberto A. De Santis
Publisher:
Published: 2008
Total Pages: 43
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DOWNLOAD EBOOKAuthor: Theodore Michael Johnson
Publisher:
Published: 1989
Total Pages: 148
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DOWNLOAD EBOOKAuthor: Faranak Roshani Zafaranloo
Publisher:
Published: 2013
Total Pages:
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DOWNLOAD EBOOKAuthor: Iván Felipe Rico Gutiérrez
Publisher:
Published: 2004
Total Pages:
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DOWNLOAD EBOOKAuthor: Rui T. Dias
Publisher:
Published: 2006
Total Pages: 13
ISBN-13:
DOWNLOAD EBOOKThe objective of this paper is to review literature on capital asset pricing models relatively to investment in international assets. Furthermore, we applied the concepts in an empirical analysis of risk diversification and capital asset pricing. We provided a practical exercise on the risk diversification by using recent data that goes through a bear market period. We found evidence that the correlation was time-varying depending on the status of the market.We applied the simple CAPM model to the international setting. The results were consistent with the required restrictions. In the first part of the paper we revised the foundations of the portfolio diversification literature; in the second part we addressed the problem of the diversification of the risk in international investments, in the third part we tested the basic International Capital Asset Pricing Model to the Italian data and in the final part we presented our conclusions.
Author: Daniel Spencer
Publisher:
Published: 1998
Total Pages: 380
ISBN-13:
DOWNLOAD EBOOKAuthor: Lawrence Ngiechege Afundoh
Publisher:
Published: 2005
Total Pages:
ISBN-13:
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