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Portfolio Diversification

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Portfolio Diversification

Portfolio Diversification Book
Author : Francois-Serge Lhabitant
Publisher : Elsevier
Release : 2017-09-26
ISBN : 0081017863
Language : En, Es, Fr & De

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Book Description :

Portfolio 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

Windfall Profit in Portfolio Diversification An Empirical Analysis of the Potential Benefits of Renewable Energy Investments

Windfall Profit in Portfolio Diversification   An Empirical Analysis of the Potential Benefits of Renewable Energy Investments Book
Author : Frederik Bruns
Publisher : Diplomica Verlag
Release : 2013-01
ISBN : 384288799X
Language : En, Es, Fr & De

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Book Description :

Modern Portfolio Theory is a theory which was introduced by Markowitz, and which suggests the building of a portfolio with assets that have low or, in the best case, negative correlation. In times of financial crises, however, the positive diversification effect of a portfolio can fail when Traditional Assets are highly correlated. Therefore, many investors search for Alternative Asset classes, such as Renewable Energies, that tend to perform independently from capital market performance. 'Windfall Profit in Portfolio Diversification?' discusses the potential role of Renewable Energy investments in an institutional investor’s portfolio by applying the main concepts from Modern Portfolio Theory. Thereby, the empirical analysis uses a unique data set from one of the largest institutional investors in the field of Renewable Energies, including several wind and solar parks. The study received the Science Award 2012 of the German Alternative Investments Association ('Bundesverband Alternative Investments e.V.').

International Portfolio Diversification

International Portfolio Diversification Book
Author : A. Brooks-Senftleben
Publisher : Unknown
Release : 1994
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download International Portfolio Diversification book written by A. Brooks-Senftleben, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Portfolio Selection

Portfolio Selection Book
Author : Harry Markowitz
Publisher : Yale University Press
Release : 1959-01-01
ISBN : 0300013728
Language : En, Es, Fr & De

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Book Description :

Embracing finance, economics, operations research, and computers, this book applies modern techniques of analysis and computation to find combinations of securities that best meet the needs of private or institutional investors.

EMU and Portfolio Diversification Opportunities

EMU and Portfolio Diversification Opportunities Book
Author : Kpate Adjaoute,Jean-Pierre Danthine
Publisher : Unknown
Release : 2001
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download EMU and Portfolio Diversification Opportunities book written by Kpate Adjaoute,Jean-Pierre Danthine, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

International Portfolio Diversification in the Asia Pacific Markets

International Portfolio Diversification in the Asia Pacific Markets Book
Author : Yan-ki Ho
Publisher : Unknown
Release : 1991
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download International Portfolio Diversification in the Asia Pacific Markets book written by Yan-ki Ho, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Essays in International Portfolio Diversification

Essays in International Portfolio Diversification Book
Author : Hansoo Kim
Publisher : Unknown
Release : 2004
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Essays in International Portfolio Diversification book written by Hansoo Kim, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Multinational Portfolio Diversification for Developing Countries

Multinational Portfolio Diversification for Developing Countries Book
Author : Donald R. Lessard
Publisher : Unknown
Release : 1970
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Multinational Portfolio Diversification for Developing Countries book written by Donald R. Lessard, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Three essays in international portfolio diversification

Three essays in international portfolio diversification Book
Author : Amir Andrew Amadi
Publisher : Unknown
Release : 2004
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Three essays in international portfolio diversification book written by Amir Andrew Amadi, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

An Index of Portfolio Diversification

An Index of Portfolio Diversification Book
Author : Walter J. Woerheide,Donald R. Persson
Publisher : Unknown
Release : 1989
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download An Index of Portfolio Diversification book written by Walter J. Woerheide,Donald R. Persson, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Investment Diversification Under Uncertainty

Investment Diversification Under Uncertainty Book
Author : Jack Erwin Gaumnitz
Publisher : Unknown
Release : 1967
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

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International Diversification of Investment Portfolios

International Diversification of Investment Portfolios Book
Author : Cheol S. Eun,Bruce G. Resnick
Publisher : Unknown
Release : 1991
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download International Diversification of Investment Portfolios book written by Cheol S. Eun,Bruce G. Resnick, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Managing Diversified Portfolios

Managing Diversified Portfolios Book
Author : Daniel O. Klier
Publisher : Springer Science & Business Media
Release : 2009-05-28
ISBN : 9783790821734
Language : En, Es, Fr & De

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Book Description :

There has been a long tradition of research on the relation between diversification and performance of public corporations in the strategy and finance fields. As for private equity portfolios, research on this matter is rather scarce. From a theoretical as well as from a practical perspective, however, it is interesting to know more about the relation between private equity portfolio diversification and performance, how private equity firms manage their portfolios, and what public companies can learn from private equity firms. These are the research questions which are addressed in Daniel Klier’s research. In order to answer these questions, the author uses a two-tier research design. As a first step, he compares the diversification-performance link of public corporations and private equity firms. With respect to the private equity sample and the ope- tionalization of the relevant variables, the study is highly innovative in terms of generating the PE sample from databases like Preqin and Dealogic, constructing a diversification measure from transaction data, and developing comparable perfo- ance measures for private equity firms as well as traditional multi-business firms. As the second step, which is exploratory in nature, the author explores m- agement models of PE firms. The sample of 20 US and Europe-based private equity firms is unique and of high quality, because the author succeeded in getting in-depth interviews with top decision makers of PE firms. The exploratory study extracts three clusters of management models that PE firms are using, and their relation to performance.

Essays in Empirical Corporate Finance and Portfolio Choice

Essays in Empirical Corporate Finance and Portfolio Choice Book
Author : Andrij Bodnaruk
Publisher : Unknown
Release : 2005
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

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International Portfolio Diversification with Generalized Expected Utility Preferences

International Portfolio Diversification with Generalized Expected Utility Preferences Book
Author : Joshua Aizenman
Publisher : Unknown
Release : 1997
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

This paper revisits the Home Bias Puzzle -- the relatively low interna- tional diversification of portfolios. We suggest that part of the diversifi- cation puzzle may be due to reliance on the conventional CAPM model as the benchmark predicting patterns of diversification. We compare the asset diver- sification patterns of agents who maximize a generalized expected utility (GEU) to the diversification of agents who maximize the conventional expected utility (EU). Specifically, we derive the patterns of diversification for agents who maximize a rank-dependent' expected utility, attaching more weight to bad' than to good' outcomes, in contrast to the probability weights used in a conventional expected utility maximization. We show that agents who maximize a GEU exhibit first order risk aversion and tend to refrain from di- versification in contrast to the diversification of agents who maximize the EU. For a given covariance structure we identify a c̀one of diversifica- tion -- the range of domestic and foreign yields leading to a positive demand for both equities. Greater downside risk aversion increases the threshold of yields leading to diversification, shifting the cone of diversification upwards and rightwards. Thus, greater downsiderisk aversion narrows the range of foreign yields leading to diversification for a given domestic yield. Ceteris paribus, greater downside risk aversion reduces the feasible hetero- geneity of normalized excess yields associated with diversification. Conse- quently, we argue that first order risk aversion should be added to the explanatory factors that account for the observed diversification patterns.

Equity Portfolio Diversification

Equity Portfolio Diversification Book
Author : William N. Goetzmann,Alok Kumar
Publisher : Unknown
Release : 2001
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

In this paper we examine the portfolios of more than 40,000 equity investment accounts from a large discount brokerage during a six year period (1991-96) in recent U.S. capital market history. Using the historical performance for the equities in these accounts, we find that a vast majority of investors in our sample are under-diversified. Even accounting for the likelihood we have selected on speculators, the magnitude of the diosyncratic risk taken by investors in our sample is surprising. Investors are aware of the benefits of diversification but they appear to adopt a 'naive' diversification strategy where they form portfolios without giving proper consideration to the correlations among the stocks. Over time, the degree of diversification among investor portfolios has improved but these improvements result primarily from changes in the correlation structure of the US equity market. Cross-sectional variations in diversification across demographic groups suggest that investors in low income and non-professional categories hold the least diversified portfolios. In addition, we find that young, active investors are over-focused and hold under-diversified portfolios. Overall, our results indicate that investors realize the benefits of diversification but they face a daunting task of 'implementing' and maintaining a well-diversified portfolio

Guide to Portfolio Management

Guide to Portfolio Management Book
Author : James L. Farrell
Publisher : McGraw-Hill Companies
Release : 1983
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Guide to Portfolio Management book written by James L. Farrell, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Investment Management

Investment Management Book
Author : Frank J. Fabozzi
Publisher : Unknown
Release : 1995
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

This text ties together theory and practice with an institutional perspective.

Quarterly Journal of Business and Economics

Quarterly Journal of Business and Economics Book
Author : Anonim
Publisher : Unknown
Release : 2002
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Quarterly Journal of Business and Economics book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Foreign Exchange Risk and Direct Foreign Investment

Foreign Exchange Risk and Direct Foreign Investment Book
Author : Michael H. Siegel,Michael Howard Siegel
Publisher : Unknown
Release : 1983
ISBN : 0987650XXX
Language : En, Es, Fr & De

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Book Description :

Download Foreign Exchange Risk and Direct Foreign Investment book written by Michael H. Siegel,Michael Howard Siegel, available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.