UNHEDGED AND HEDGED EFFICIENT GLOBAL PORTFOLIO DIVERSIFICATION
The objective ofthis paper is to reexamine the widespread recommendation that a por(folio ofrelativelyfew global stocks provides efficient diversification. This prescription which is quoted in textbooks and popular press is generatedfrom the pioneering research ofSolnik on the diversification effect...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
1997-03-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150625125741-KZNOY.pdf |