Clark, Ephraim; Kassimatis, Konstantinos - In: Review of Quantitative Finance and Accounting 40 (2013) 2, pp. 251-271
The weak empirical evidence linking diversification and international equity flows calls into question the diversification paradigm at the international level and the analytical framework it implies. Using the concept of Marginal Conditional Stochastic Dominance (MCSD) to estimate the...
