International Diversification at Home and Abroad
Author: Feng Cai
Publisher:
Published: 2004
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKPosts
International Diversification at Home and Abroad
Author: Fang Cai
Publisher:
Published: 2004
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKInternational Diversification at Home and Abroad
Author: Fang Cai
Publisher:
Published: 2007
Total Pages: 38
ISBN-13:
DOWNLOAD EBOOKIt is an established fact that investors favor the familiar%u2014be it domestic securities or, within a country, the securities of nearby firms%u2014and avoid investments that would provide the greatest diversification benefits. While we do not rule out familiarity as an important driver of portfolio allocations, we provide new evidence of investors%u2019 international diversification motive. In particular, our analysis of the security-level U.S. equity holdings of foreign and domestic institutional investors indicates that institutional investors reveal a preference for domestic multinationals (MNCs), even after controlling for familiarity factors. We attribute this revealed preference to the desire to obtain %u201Csafe%u201D international diversification. We then show that holdings of domestic MNCs are substantial and, after accounting for this home-grown foreign exposure, that the share of %u201Cforeign%u201D equities in investors%u2019 portfolios roughly doubles, reducing (but not eliminating) the observed home bias.
The International Diversification Puzzle when Goods Prices Are Sticky
Author: Mr.Charles Engel
Publisher: International Monetary Fund
Published: 2009-01-01
Total Pages: 49
ISBN-13: 1451871597
DOWNLOAD EBOOKThis paper develops a two-country monetary DSGE model in which households choose a portfolio of home and foreign equities, and a forward position in foreign exchange. Some nominal goods prices are sticky. Trade in these assets achieves the same allocations as trade in a complete set of nominal state-contingent claims in our linearized model. When there is a high degree of price stickiness, we show that not much equity diversification is required to replicate the complete-markets equilibrium when agents are able to hedge foreign exchange risk sufficiently. Moreover, temporarily sticky nominal goods prices can have large effects on equity portfolios even when dividend processes are very persistent.
Managing Your Personal Finance
Author: Wai Mun Fong
Publisher: WS Professional
Published: 2020
Total Pages: 326
ISBN-13: 9811212570
DOWNLOAD EBOOK"Deals with a wide range of topics on personal finance covered in 45 chapters. Explains complex financial tools, products, processes in a simple-to-understand way. Beyond providing an explanation of products and tools, it also provides practical advice on money management"--
At Home and Abroad
Author: Elizabeth Shakm Hurd
Publisher: Religion, Culture, and Public Life
Published: 2021-02-23
Total Pages: 344
ISBN-13: 9780231198981
DOWNLOAD EBOOKAt Home and Abroad bridges the divide in the study of American religion, law, and politics between domestic and international, bringing together diverse authors to explore ties across conceptual and political boundaries. They examine the ideas, people, and institutions that provide links between domestic and foreign religious politics and policies.
Behavioral Finance
Author: H. Kent Baker
Publisher: John Wiley & Sons
Published: 2010-10-05
Total Pages: 773
ISBN-13: 0470499117
DOWNLOAD EBOOKA definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.
Threshold Concepts in Practice
Author: Ray Land
Publisher: Springer
Published: 2016-07-09
Total Pages: 381
ISBN-13: 9463005129
DOWNLOAD EBOOK"Threshold Concepts in Practice brings together fifty researchers from sixteen countries and a wide variety of disciplines to analyse their teaching practice, and the learning experiences of their students, through the lens of the Threshold Concepts Framework. In any discipline, there are certain concepts – the ‘jewels in the curriculum’ – whose acquisition is akin to passing through a portal. Learners enter new conceptual (and often affective) territory. Previously inaccessible ways of thinking or practising come into view, without which they cannot progress, and which offer a transformed internal view of subject landscape, or even world view. These conceptual gateways are integrative, exposing the previously hidden interrelatedness of ideas, and are irreversible. However they frequently present troublesome knowledge and are often points at which students become stuck. Difficulty in understanding may leave the learner in a ‘liminal’ state of transition, a ‘betwixt and between’ space of knowing and not knowing, where understanding can approximate to a form of mimicry. Learners navigating such spaces report a sense of uncertainty, ambiguity, paradox, anxiety, even chaos. The liminal space may equally be one of awe and wonderment. Thresholds research identifies these spaces as key transformational points, crucial to the learner’s development but where they can oscillate and remain for considerable periods. These spaces require not only conceptual but ontological and discursive shifts. This volume, the fourth in a tetralogy on Threshold Concepts, discusses student experiences, and the curriculum interventions of their teachers, in a range of disciplines and professional practices including medicine, law, engineering, architecture and military education. Cover image: Detail from ‘Eve offering the apple to Adam in the Garden of Eden and the serpent’ c.1520–25. Lucas Cranach the Elder (1472–1553). Bridgeman Images. All rights reserved.
Portfolio Diversification
Author: Francois-Serge Lhabitant
Publisher: Elsevier
Published: 2017-09-26
Total Pages: 276
ISBN-13: 0081017863
DOWNLOAD EBOOKPortfolio Diversification provides an update on the practice of combining several risky investments in a portfolio with the goal of reducing the portfolio's overall risk. In this book, readers will find a comprehensive introduction and analysis of various dimensions of portfolio diversification (assets, maturities, industries, countries, etc.), along with time diversification strategies (long term vs. short term diversification) and diversification using other risk measures than variance. Several tools to quantify and implement optimal diversification are discussed and illustrated. - Focuses on portfolio diversification across all its dimensions - Includes recent empirical material that was created and developed specifically for this book - Provides several tools to quantify and implement optimal diversification
State-Owned Multinationals
Author: Alvaro Cuervo-Cazurra
Publisher: Springer
Published: 2017-10-24
Total Pages: 287
ISBN-13: 3319517155
DOWNLOAD EBOOKThis book provides a deep understanding of state-owned multinationals (SOMNCs) and their role in global business. SOMNCs have emerged as a force to contend with in global competition, and their study connects several fields such as economics, political economy, international business and global strategy. This prestigious collection of articles presents insights into the interaction between government ownership and internationalization, and aims to provoke new research approaches and insights on the topic. The book includes some of the key contributions to our understanding of these firms and new commentaries explaining how to analyze them. This book is essential reading for academics and consultants looking to gain a clearer understanding of SOMNCs and how to research them.
