and numerical methods, we obtain answers concerning capital allocation, network stability, risk figures, and diversification …

that financial development has important consequences for efficiency and specialization (or diversification) of investments …

the decision becomes less relevant. Therefore, trend derivatives offer some time diversification benefits. We show how …

diversification of European investors? This is an empirical question that this paper tries to answer by exploring four alternative …

investigated. I find a deteriorating overall market credit quality that comes along with a regressive international diversification …

o obtain the maximum benefits from diversification, financial theory suggests that investors should invest …

This paper analyzes the interaction between financial leverage and takeover activity. We develop a dynamic model of …, and takeover terms, in which the bidder with the lowest leverage wins the takeover contest. Based on the resulting … bidder is below the industry average and that acquirers should lever up after the takeover consummation. The model also …