Sukcharoen, Kunlapath; Leatham, David J. - In: Studies in Economics and Finance 33 (2016) 1, pp. 26-49
Purpose – The purpose of this paper is to examine the degree of dependence and extreme correlation (i.e. tail … diversification benefits. Originality/value – Given the limited empirical investigations of the degree of dependence and extreme … correlation at a sector level, the results from this research should provide additional and valuable information for both …
