We study the empirical performance of alternative risk and reward specifications in portfolio selection. In particular, we look at models that take into account asymmetry of returns, and treat losses and gains differently. In tests on a dataset of German equities, we find that portfolios...

In this study we investigate the EU’s economic, environmental and innovation performances from a sector-based perspective. We correlate the various sectors’ performances, taking into account the role of changing specialization. In addition, we examine environmental sector performance related...