This study restates the issue of international portfolio diversification benefits by considering the problem of perfect foresight assumption and constant variancecovariance estimation. Whilst emphasising the role of the asymmetry volatility model in portfolio formation, we also investigate the...

Using hand collected data of Islamic and the conventional banks; we investigate the effect of corporate and the Shariah governance on the value of cash reserves. Overall, the findings indicate that there is a significant difference between the value of cash holdings across poorly governed and...