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managers who have higher market expectation take more risk by increasing their equity holdings and the beta of their equity …
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Purpose This study aims to comparatively analyze the systematic, idiosyncratic and downside risk exposure of both … Islamic and conventional funds in Pakistan to see which of the funds has higher risk exposure. Design/methodology/approach The … using different risk measures. For systematic and idiosyncratic risk single factor CAPM and multifactor models such as Fama …
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We test whether 1) institutional investors with concentrated international holdings outperform internationally diversified investors, and 2) foreign investors with information advantage, measured by cultural and geographic proximity to the target market, outperform other foreign investors. Using...
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