Risk has always been the concern of managers and shareholders as a part of decision-
making processes. Managers tend to control unsystematic risk mostly while trying to …

Risk captured through the volatility of stock markets stands as the essential concern for
financial investors. The financial crisis of 2008 demonstrated that stock markets are highly …

Using a sophisticated sampling technique, randomly constructed stock portfolios were
compared to portfolios using all the underlying population and evaluated using 18 different …

Cryptocurrencies are becoming an exciting topic for legislative bodies, practitioners, media,
and scholars with diverse academic backgrounds. The work identifies diversification benefits …

Concentration in global equity markets has been on a remarkable rise recently, leading to
questions about whether benchmark indexes are properly diversified and whether portfolios …

Studies of naïve diversification show that average total portfolio risk declines asymptotically
as number of stocks increases. Recent work shows that a significant amount of idiosyncratic …

This thesis aims to answer how many stocks make a diversified portfolio in a continuous-
time world. The study investigates what are the factors determining diversification effects in a …

We analyze whether paying CEOs with inside debt (pensions and deferred compensation)
benefits shareholders. We find that stock price reaction to initial revelation of inside debt …

The purpose of this study was to determine the effect of portfolio size on the financial
performance of portfolios of investment firms in Kenya. The research question therefore was; …

While correlation is the common measure of the benefits of diversification, it is not a good
measure. This is for two reasons. First, the benefits of diversification depend not only on the …