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Biodiversity and natural capital in ecologically sensitive regions. [PDF]
Chettry V, Kumar R, Testa R.
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Integrated analysis of fossils and molecular divergence time estimates a latest Jurassic origin of angiosperms. [PDF]
Wu R +8 more
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Agrivoltaics for Rural Development: Energy Security, Crop Diversification, and Sustainability on Mexican Rainfed Maize Farms. [PDF]
Rasooli S +4 more
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Comparative analysis of technological fitness and coherence at different geographical scales. [PDF]
Straccamore M, Bruno M, Tacchella A.
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On entropy and portfolio diversification
Journal of Asset Management, 2016Entropy, a term used in Physics to quantify the degree of randomness in a complex system, is shown to be relevant for portfolio diversification. The link between entropy and diversification lies in the notion of uncertainty. We introduce the concept of available diversification in an investment universe and of diversification curves.
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Households' Portfolio Diversification [PDF]
This paper performs an efficiency analysis of households portfolios based on the comparison of observed portfolios with the mean-variance frontier of assets returns. Data on household portfolios are drawn from a representative sample of the Italian population with at least a bank account.
JAPPELLI, TULLIO, Julliard C., Pagano M.
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Portfolio diversification in energy markets [PDF]
This paper's results indicate that futures for crude oil, natural gas and unleaded gasoline fail to enhance the performance of representative energy stocks in terms of return to risk, but do decrease the overall level of risk exposure borne by passive equity investors.
Galvani, Valentina, Plourde, Andre
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Systemic Portfolio Diversification
Operations Research, 2019We study the portfolio choice problem of banks, taking into account losses due to fire-sale spillovers. We show that the optimal asset allocation can be recovered as the unique Nash equilibrium of a potential game. Our analysis highlights the key tradeoff between individual diversification and systemic risk.
Agostino Capponi, Marko H. Weber
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Delegated portfolio management and diversification
Applied Economics Letters, 2015AbstractThis article analyses the potential diversification benefits available to high-net-worth investors utilizing multiple portfolio managers. We show that enlisting seven actively managed portfolios from multiple portfolio managers generate significant benefits in terms of risk reduction, and, interestingly, diversification benefits are shown to be
Christensen, Michael; id_orcid 0000-0001-8602-4596 +2 more
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Portfolio Diversification at Commercial Banks
The Journal of Finance, 1979IN PERFECT CAPITAL MARKETS, financial intermediaries lack a raison d"etre. Traditionally, intermediaries have been portrayed solely as issuers of indirect debt who develop and exploit a wedge between equilibrium borrowing and lending rates.' But this explanation ignores the fact that nonmutual depository institutions intermediate for their shareholders,
Kane, Edward J, Buser, Stephen A
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