Borgsen, Sina; Glaser, Markus - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2005
In this paper, we analyze the potential benefits of international diversification with small and mid caps. Based on an empirical analysis of European large, small and mid cap stock indices, we find that small caps have relatively low correlations not only with large caps but also with each...