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 …

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 …

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

We present four methods of assessing the diversification potential within a stock market, and two of these are based on … consistent picture. The potential for diversification declined almost monotonically in the three years prior to the 2008 …, the diversification potential declined even further in the 2011 European debt crisis and the American credit downgrade. …