pattern of managerial pay. It may also explain risk‐taking behavior by mutual fund managers. We use data from the PGA tour to … examine the pattern of risk‐taking by professional golfers in an explicit tournament. The PGA tour provides a natural …

and capital market between 1980 and 1992. Develops a mathematical, multi‐factor, risk‐return model and applies it to Greek … economic environment and links risk premia to macroeconomic factors, although it lacks intertemporal stability.  …

asset value per unit. Ranks them on the basis of daily average return, total risk, coefficient of variation, systematic risk … Exchange index, that they followed defensive investment policies, that some achieved high returns with low risk and that there …

domestic returns with less risk. Confirms this using the tail index based on extreme value theory; and shows that correlation …

against oil price risk. Compares their 1993‐1998 monthly index returns and standard deviations with the USA, shows low or … negative correlations between them and illustrates the potential this offers for risk reduction. Uses the Markowitz mean … out that the stability of Gulf exchange rates against the US dollar also removes currency risk.  …

rate risk more effectively than money market instruments, although some of that risk is not diversifiable. Compares the … benefits of diversification and hedging for investors in the three countries at different levels of risk and concludes that … optimum asset allocation depends on the fund market characteristics, risk preferences and investor perspective.  …

compares them with the general Athens Stock Exchange index. Goes on to rank them by total risk, coefficient of variation and … systematic risk before applying Treynor’s index, Sharpe’s index and Jensen’s approach. Presents the results in detail and …

portfolio risk and diversification. Considers consistency with other research, the underlying reasons for the findings and …

multinational corporations in the UK, the US and Germany. It focuses on the organisation of foreign exchange risk management, in … particular the goals of exchange risk management, the centralisation of decision making, and the nature of the decision makers … three samples, the results represent confirmation of the risk‐averse nature of multinationals, the effect of size on …

operations to nonbank functions, a set of hypotheses addressing BHC risk and return characteristics are proposed. Empirical … results are mixed. Total risk dropped after expansion. Market risk, on the other hand, rose substantially in post …‐expansion time. When returns are adjusted for risk, a marginal improvement in performance is achieved.  …