This paper investigates the potential benefits of international diversification with short-selling constraints from the …-sample test also demonstrates that international diversification can greatly enhance the expected portfolio returns as well as the … that international portfolios need to be rebalanced frequently in order to generate the greatest possible diversification …

financial education fosters international diversification, and that its role is particularly pronounced where information …

diversification across large shareholders. Exploiting this heterogeneity, we document that firms controlled by diversified large … shareholder diversification on corporate risk-taking is both economically and statistically significant. Our results have …

diversification into VIX futures is ex-ante optimal for standard mean-variance investors, then extend this to include skewness … study shows that skewness preference increases the frequency of diversification, but out-of-sample the optimally …

diversification across large shareholders. Exploiting this heterogeneity, we document that firms controlled by diversified large … shareholder diversification on corporate risk-taking is both economically and statistically significant. Our results have … welfare. -- Risk-taking choices ; Large shareholders ; Portfolio diversification …