Welfare gains to long-horizon investors may derive from time diversification that exploits non-zero intemporal return … correlated. While it could be important for long horizon investors, time diversification has been mostly investigated in asset … diversification when E-REITs belong to the investment opportunity set. We find that diversification into REITs increases both the …

particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other … funds has affected the probability of fund failure. We find that risk spill-over is significantly related to the failure … within the same investment style are adversely affected through both channels of risk spillover. In addition, we find that …

In the debate of sustainable rural livelihoods, diversification is seen as a way to secure incomes and to increase food …) diversification in agricultural production is not sufficient for securing rural livelihoods in Kakamega District; (2) a sufficient … income diversification depends heavily on requirements like access to education, infrastructure, as well as investment …

this end we measure diversification for all German banks in the period from 1993 to 2002. As measures we use a broad set of … naive diversification across all industries or, alternatively, the economy's industry structure. With this framework our … in this context innovative group of distance measures. We find that different statistical measures of diversification may …

. Moreover, we find that the impact of diversification depends strongly on the risk level. However, it is only for moderate risk …Should banks be diversified or focused? Does diversification indeed lead to enhanced performance and, therefore … banks? profitability (ROA) and their portfolio diversification across different industries, broader economic sectors and …

This paper empirically investigates the determinants of R&D diversification strategies in the drug industry. It … enriches the existing literature by proposing to look at diversification factors, which reflect market and technological …&D diversification is governed by the economies of scope as well as the escape competition motive. Moreover, it is found that competition …

The focus of this article is the analysis of the inflation risk of European real estate securities. Following both a … causal and a final understanding of risk, the analysis is twofold. First, to examine the causal influence of inflation on … shortfall risk measures are used to study whether an investment in European real estate securities protects against a negative …