Die Performance internationaler Portfolio-Diversifikationsstrategien aus der Sicht deutscher und ungarischer Investoren Diese Arbeit untersucht die Vorteilhaftigkeit der internationalen Diversifikation von Aktienportfolios aus der Sicht deutscher sowie ungarischer Investoren. Es wurden...

In this paper we study the benefits derived from international diversification of stock portfolios from German and Hungarian point of view. In contrast to the German capital market, which is one of the largest in the world, the Hungarian Stock Exchange is an emerging market. The Hungarian stock...

The aim of the paper is to study empirically the influence of higher moments of the return distribution on conditional value at risk (CVaR). To be more exact, we try to reveal the extent to which the risk given by CVaR can be estimated when relying on the mean, standard deviation, skewness and...

In this paper we study the benefits derived from international diversification of stock portfolios from German and Hungarian point of view. In contrast to the German capital market, which is one of the largest in the world, the Hungarian Stock Exchange is an emerging market. The Hungarian stock...