In this paper, we examine if the diversification decisions of individual investors influence asset prices. First, we … idiosyncratic risk in their portfolios results in a welfare loss - the least diversified group of investors earn 2.40% lower return … annually than the most diversified group of investors on a risk-adjusted basis. Next, we examine the determinants of investors …

We test the impact of idiosyncratic risk on stock returns for emerging markets that experience financial market … liberalizations. Idiosyncratic risk is positively associated with returns prior to financial market liberalization, but liberalization … negatively (positively) correlated with the pricing of idiosyncratic risk. The decrease in the pricing of idiosyncratic risk can …

Idiosyncratic risk has been the subject of a great deal of international financial research. However, one question … and compare two alternative implications of idiosyncratic risk in asset pricing: (i) as a friction or (ii) as a source of … another kind of systematic risk un-captured by beta coefficient. Secondly, we improve the international empirical evidence …

of multi-business portfolios. Although there is lots of work on diversification and mergers and acquisitions, corporate … contempt - the reasonable suspicion of economic inferiority of firm diversification and the possible inappropriateness of CPM …

vieler Agrarmärkte existieren nur wenige empirische Arbeiten zum Zusammenhang zwischen Diversifikation und dem Erfolg … Diversifikation in verwandte und unverwandte Produktbereiche auf das Wachstum (als ein Erfolgsmaß) von Unternehmen untersucht und … Diversifikation in verwandte Produktbereiche ein höheres Wachstum aufweisen, während die Diversifikation in nicht …

spatial differences in high technology employment, R&D activity, involvement in overseas markets and civilian diversification … la technologie, la R et D, les relations commerciales exterieures et la diversification civile. Bien qu'on puisse faire … Hochtechnologie, in Forschung und Entwicklung, in Beteiligung am Uberseemarkt und Diversifikation fur Zivilzwecke gewidmet. Die Studie …