This paper examines the impact of bank revenue diversification on the performance of banks in an emerging economy. Using a unique dataset with detailed information on non-interest income, our findings show that, conversely to studies on Western economies, a shift towards non-interest activities...

The theory of capital (long-term) assets value (Sharpe, 1964, Lintner, 1965, Mossin, 1966), based on G. Markovitz's model (Markovitz, 1952,1059), has served for many years as the basis for valuations in the investment analysis and corporate finance. However, implicitly, this theory contains an...

We investigate whether the diversification discount is simply a proxy for poor corporate governance. We find that the negative value impact of diversification is amplified by adverse governance variables such as low CEO ownership, low board independence, and board classification, and that...

Examines ways in which diversification ofindustry-specialized portfolios contributes to macro-risk reduction strategiesof venture capital (VC) firms, and the factors impacting portfoliodiversification. The study starts from the premise that, although researchersstudy selection criteria for...

We model the internal capital market of a conglomerate where headquarters must rely on information reported by division managers to allocate limited resources across competing projects. Managers may exaggerate project quality to attract more capital, which limits the extent of winner-picking in...

Uncertainty in the energy sector of Pakistan has contributed to the necessity of effective electricity planning that can minimize given market risks and discourage the use of stand-alone generating costs. To this end, this paper leverages the mean-variance portfolio theory to design an efficient...

Agricultural development in West Bengal during the post-Green Revolution period is associated with diverse changes in cropping pattern. Cropping pattern in terms of acreage allocation has changed largely in favour of boro rice, potato and mustard. The changes in cropping pattern may be due to...

The objective of this paper is to identify factors which limit the ability of Zambian farmers to increase Maize productivity and/or diversify their crop mix. Both may enable wealth accumulation, investments, and further expansion. Specifically, we link variations in agricultural decisions,...

The article analyzes the growth of opportunities for the production of petrochemical products in the Republic of Kazakhstan. The article analyzes the dynamics of global demand for basic petrochemical products over the past 15 years. The aim of the article is to represent the effectiveness of the...