Results 251 to 260 of about 590,632 (305)

Integrated analysis of fossils and molecular divergence time estimates a latest Jurassic origin of angiosperms. [PDF]

open access: yesNat Plants
Wu R   +8 more
europepmc   +1 more source

On entropy and portfolio diversification

Journal of Asset Management, 2016
Entropy, 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.
exaly   +2 more sources

Households' Portfolio Diversification [PDF]

open access: possibleSTUDI ECONOMICI, 2010
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.
openaire   +2 more sources

Portfolio diversification in energy markets [PDF]

open access: possibleEnergy Economics, 2010
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
openaire   +1 more source

Systemic Portfolio Diversification

Operations Research, 2019
We 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
openaire   +2 more sources

Delegated portfolio management and diversification

Applied Economics Letters, 2015
AbstractThis 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
openaire   +2 more sources

Portfolio Diversification at Commercial Banks

The Journal of Finance, 1979
IN 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
openaire   +1 more source

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