may be linked to diversification and scale economies, thus leading to less risk. In this paper, we provide empirical …. In contrast, the results are consistent with diversification and scale benefits arising from operating in more business …

We examine whether institutional investors' portfolio diversification affects corporate diversification and related … practices. Estimating investor portfolio diversification using their holdings' return characteristics, we find a negative … relationship between portfolio and corporate diversification that is robust to a quasi-natural experiment. Further, greater …

different activity portfolios. The results suggest that the diversification effect in the study area is limited due to high … increasing income. -- Climate risk ; agricultural diversification ; portfolio theory ; Sub Saharan Africa …

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 …

examine preferences for international diversification versus domestic diversification from American investors’ viewpoints. Our … PO results imply that the domestic diversification strategy dominates the international diversification strategy at a …

crisis by evaluating the potential benefits of international diversification in the search for ‘safe havens’. We use stock …

Oil is perceived as a good diversification tool for stock markets. To fully understand this potential, we propose a new … to competing models. Employing a recently proposed conditional diversification benefits measure that considers higher …-order moments and nonlinear dependence from tail events, we document decreasing benefits from diversification over the past ten …

By estimating the correlation coefficients values we compare in this study the diversification potential of the … evidence on changing correlation patterns, which means varying diversification potential of different assets. We note that … equities ; commodities ; diversification benefits …