We demonstrate that foreign institutional ownership (FIO) is associated with stronger stock return sensitivity to the Global Financial Cycle (GFC), indicating greater global co-movement among stocks selected by FIOs compared to those not selected. We conjecture that this may be because (i) FIOs...

• The EU-India FTA generates mutual economic gains of 0.12-0.13% of GDP for both partners, with bilateral trade surging by 41-65%. • Since the 50 percentage points tariffs imposed by the US cost India 1.6% of GDP, the EU-India FTA provides a crucial hedge while the EU demonstrates commitment...

While the importance of export diversification is emphasized in development patterns, the gender issues in this process are rarely covered. This paper empirically assesses the contribution of women's sectoral employment to the export diversification process, using a panel model of 125 developing...

In this paper, we propose a novel optimization model for portfolio selection that integrates the classical mean-variance criterion with a second-order Tsallis entropy term. This approach enables a trade-off between expected return, risk, and diversification, extending Markowitz's theory to...

As regional development becomes increasingly technically complex, technological capability has a growing influence on economic growth. Traditional theories predominantly concentrate on macro-level concepts, often overlooking the relationship between technological capability and regional economic...

This paper explores the benefits of sectoral diversification in equity investments, comparing traditional and modern portfolio management frameworks for investors with different risk perceptions. We use monthly price data on 200 companies, listed on the Borsa Istanbul, for the period January...

This article investigates whether corporate diversification may be driven by poor performance. We analyze Spanish non-life insurers' diversification status and extent over a 13-year sample period. Performance is measured through cost/revenue inefficiency, adjusted for scale inefficiency. The...

Die österreichische Außenwirtschaft ist ein zentraler Motor des wirtschaftlichen Wachstums. Dieser Motor ist jedoch zunehmend ins Stottern geraten. Gründe dafür sind - neben innerstaatlichen Faktoren - wachsende geopolitische Unsicherheiten und Krisen, die schwächelnde deutsche...

We show that adverse selection is a key determinant of banking market structure. Using data on US bank branches over 1981-2016, we study banks' decisions to expand or contract geographically. First, banks are more likely to expand in counties that are similar, in terms of industry shares, to...

Esta actualização do Estudo de Diagnóstico sobre a Integração do Comércio (EDIC) centra-se nos constrangimentos e oportunidades relacionados com o comércio que afectam a capacidade de Angola para diversificar e aumentar o comércio regional e global

In a period marked by global uncertainty, supply chain disruptions, and ongoing geopolitical tensions, the Gulf Cooperation Council (GCC) countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates are accelerating national reform programs to transition toward more...

This study investigates whether publicly listed cannabis shares provide enough risk-adjusted returns to warrant their incorporation into diversified portfolios. An equally weighted portfolio of cannabis companies is constructed using monthly data from January 2015 to December 2024. Risk-adjusted...

We examine the impact of corporate diversification on the narrative characteristics of firms' 10-K filings. Using a novel measure based on a pretrained large language model, we find that diversification significantly reduces the readability of 10-K filings. This reduction in readability is not...