researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … shareholders and performance, a phenomenon which might be explained in terms of private appropriation of benefits. …

This paper investigates the diversification prospects which may be reaped when investing in a mixture of emerging and … diversification potential and therefore risk reduction. Yet, the latter may be counterbalanced by the fact that emerging markets … that emerging markets have offered diversification potential. However we also find evidence of features which make it more …

Neoclassical theory erroneously makes the assumption that firms maximise profits on a fixed endowment of physical …

portfolio asset diversification benefits across the ASEAN-5 basin are reduced as markets are integrated in both the pre- and …

This paper tests the hypothesis that portfolio diversification can increase the threat of systemic financial risk. The … diversification may result in increasing systematic risk, by analyzing the portfolio dynamics of some of the major world open funds. …

. It has been theoretically argued that this culminates in suboptimal portfolio diversification which in turn adversely … diversification “penalty” is far from a foregone conclusion, at least empirically. Our results show that Islamic portfolios are not … invariably handicapped in terms of portfolio diversification. We also explored dimensions which may account for differences in …

from international diversification by holding a portfolio consisting of diverse stocks from these contagion countries …-movement among stock markets will result in decreasing opportunity to gain from portfolio diversification. …