of the four main cryptocurrencies in terms of market capitalization (BTC, ETH, USDT, BNB) and of four US stock market … market efficiency in the case of the cryptocurrencies but not of the stock market indices considered. They also indicate that … cryptocurrencies can be a useful tool for investors to diversify and hedge when required in the case of the US markets. …

Purpose - It is crucial to find a better portfolio optimization strategy, considering the cryptocurrencies' asymmetric … windows method. The sample consisted of ten significant cryptocurrencies. Findings - Dynamic optimization enhanced risk … - Sophisticated investors may use the dynamic ERC and MDP to optimize cryptocurrencies portfolio. Originality/value - To the best of …

underlying mechanism of the model relies on varying international diversification in the investors' portfolio choice decision. In …

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 …

global integration at the firm-level and study its implications for diversification. Specifically, the adjusted R-square, our … minimally driven by the common global factors, investors can significantly benefit from diversification within developed markets …. Thus, the diversification gains solely inferred from the market indices much understate the potential benefits that world …

This research addresses whether geographic diversification provides benefits over industry diversification. In the … absence of constraints, no empirical evidence is found to support the argument that country diversification is superior. With … upper and lower constraints on portfolio weights as well as an out-of-sample analysis show that geographic diversification …

financial education fosters international diversification, and that its role is particularly pronounced where information …

Investors and financial economists have long debated the benefits of global equity market diversification. Fans argue … observation that because markets get more correlated during downturns, most of the diversification occurs on the upside when you … diversification might not protect you from terrible days, months, or even years, but over longer horizons (which should be more …

The weak empirical evidence linking diversification and international equity flows calls into question the … diversification paradigm at the international level and the analytical framework it implies. Using a novel measure of diversification … the role that diversification opportunities play in the determination of international equity flows. Using the concept of …