Gasbarro, Dominic; Wong, Wing-Keung; Zumwalt, J. Kenton - In: The European Journal of Finance 13 (2007) 1, pp. 89-101
Country indices as represented by iShares exhibit non-normal return distributions with both skewness and kurtosis. Earlier studies provide procedures for determining the statistical significance of stochastic dominance measures and the Sharpe Ratio. This present study uses these refinements to...