By employing leverage to gain more exposure to stocks when young, individuals can achieve better diversification across …

. The paper contributes to the debate shedding light on the controversial relation between risk-diversification and … setting and by a mean-field approximation the law of motion of the system's fragility is derived. We show that diversification …

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 …

separate stock picking from diversification. Over 60% of the time we cannot reject our null hypothesis of stock picking in … favor of well diversified benchmarks, even for individual stocks. Stock picking dominates during recessions, diversification … Momentum stocks. Our new tests also explicitly relate diversification and return predictability …

diversification behavior. This issue is relevant in that investors are increasingly in charge of their own financial security, but … diversification: what they do is to split equally their wealth among the asset classes available, in a naïve way. We try to detect if … willing to take. Moreover, only those who are literate in terms of diversification select less risky portfolios; the others …

expected to come with substantial benefits stemming from diversification among conceptually different sources of pension income …

geographical diversification have been subjected to test. The validation of the said theory has been made via hypothesis testing in …

this trend, Africa's integration lag may present opportunities for investors seeking regional diversification — and …

This paper argues that in the presence of liquidation costs, portfolio diversification by financial institutions may be …. Yet, at the same time, diversification may increase the aggregate risk faced by the banks' depositors, creating a negative … externality. The increase in systemic risk is due to the fact that even though diversification decreases the probability of each …