objective statistical measures grounded in modern portfolio theory. A socially responsible mutual fund is defined as one which …

vary stronglyover time, supporting the hypothesis that suchprojects are risky business. The riskmanagement tool portfolio …

's Portfolio Managers. Assuming Instrument Returns Are Normally Distributed, We Establish Conditions Under Which Optimal Portfolios …

The ''portfolio effect theory'' developed by the European Commission in merger control is at the center of a fierce …

equilibrium equity premium and on portfolio-herding critically depends on whether the participation constraint is binding. Simple …

term and volatility in the short to medium term. We bring the principles of portfolio theory to bear on the issue. Our … notwithstanding, the country’s hightech FDI-driven strategy has brought the economy’s industrial portfolio closer to the mean …

The present Paper investigates the effects of incorporating illiquidity in a standard dynamic portfolio choice problem …. Lack of liquidity means that an asset cannot be immediately traded at any point in time. We find the portfolio share of … financial wealth invested in illiquid assets given the liquidity premium. Benchmark calibrations imply a portfolio share of 2 …