The Benefits from International Diversification for Nordic Investors
Author: Eva Liljeblom
Publisher:
Published: 1995
Total Pages: 19
ISBN-13: 9789515554581
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Author: Eva Liljeblom
Publisher:
Published: 1995
Total Pages: 19
ISBN-13: 9789515554581
DOWNLOAD EBOOKAuthor: Catharina Einarsson
Publisher:
Published: 2006
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Mikael Gustafsson
Publisher:
Published: 1985
Total Pages: 34
ISBN-13:
DOWNLOAD EBOOKAuthor: Cara Julia O'Sullivan
Publisher:
Published: 2002
Total Pages: 104
ISBN-13:
DOWNLOAD EBOOKAuthor: Simon E. Öhri
Publisher:
Published: 2010
Total Pages: 118
ISBN-13:
DOWNLOAD EBOOKAuthor: GeHong Nancy Gao
Publisher:
Published: 2004
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKAuthor: Lorne N. Switzer
Publisher:
Published: 2015
Total Pages: 43
ISBN-13:
DOWNLOAD EBOOKThis paper examines the benefits of international diversification for US investors, while accounting for market development, corporate governance, market cap effects, and structural change across countries over period August 1996-July 2013. Improved risk adjusted returns are obtained from a diversified portfolio consisting of a mix of developed and emerging countries. Additionally, we find that diversification benefits are not significant for most of the small-cap foreign assets when an investor already holds position in corresponding countries large-cap assets. Diversification benefits based on the governance effectiveness of a country's companies are not ubiquitous. We find that economically significant improvements in risk-return performance can be attained by adding large caps of developed countries with high and low overall Governance Metrics International (GMI) ratings and large and small caps of emerging countries with low overall GMI ratings to the investment universe containing the assets of common law developed countries. However, diversification benefits are economically significant only for large and small caps of low GMI emerging countries when short selling is not allowed.
Author: Sheldon Novack
Publisher:
Published: 1973
Total Pages: 338
ISBN-13:
DOWNLOAD EBOOKAuthor: Tim-Alexander Kroencke
Publisher:
Published: 2011
Total Pages: 61
ISBN-13:
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