Showing 1 - 10 of 251
Persistent link: https://www.econbiz.de/10012805509
Persistent link: https://www.econbiz.de/10015408034
We examine 802 investments by 33 Sovereign Wealth Funds (SWFs) in publicly traded companies between May 1985 and November 2009, and find that SWFs tend to invest in large, levered, profitable growth firms, usually headquartered in an OECD country. Announcements of SWF investments yield...
Persistent link: https://www.econbiz.de/10008810291
Integrated capital markets facilitate risk sharing across countries. Lower home bias in financial investments is an indicator of risk sharing. We highlight that existing indicators of equity home bias in the literature suffer from incomplete coverage because they consider only listed equities....
Persistent link: https://www.econbiz.de/10011613999
Persistent link: https://www.econbiz.de/10012803354
Persistent link: https://www.econbiz.de/10013259971
We revisit the question whether commodities should be included in investors' portfolios. We employ for the first time a stochastic dominance efficiency (SDE) approach to construct optimal portfolios with and without commodities and we evaluate their comparative performance. SDE circumvents the...
Persistent link: https://www.econbiz.de/10011473894
Persistent link: https://www.econbiz.de/10012244572
Persistent link: https://www.econbiz.de/10012505796
Persistent link: https://www.econbiz.de/10012613010