This contribution explores how multi-dimensional lower partial moment portfolio models are different from their bi-criteria counterparts. In particular, the mean semivariance and semi-skewness model that seems little used in practice is contrasted to the rather popular mean semi-variance and...

In 1951, six Western European countries founded the ‘European Coal and Steel Community’ (ECSC), which they hoped would be a first step towards more European integration and provide a common legal framework for their coal and steel industries. The main aim of the ECSC was to make sure that...

Using a carefully screened and ltered international data base with a wide coverage across countries and size classes, this paper identies and documents a post-1980s size effect which is persistent, not picked up by a Fama-French-style SMB, and largely due to the smallest-decile stocks. We test...