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Optimal Beats Naive Diversification: Asset Allocation Using High-Frequency Data
(Pageant Media Ltd, 2020-09-20)
This article evaluates the usefulness of high-frequency data in optimal portfolio choice. The authors use a comprehensive list of major stock indexes and different frequencies of observations. Furthermore, they consider ...
Looking for sustainable development: Socially responsible mutual funds and the low‐carbon economy
(John Wiley and Sons, 2020)
Sustainable investment responds to demands for carbon and climate‐neutral societies. To address the urgency around climate change and provide investors with more qualified information, Morningstar has developed the Low ...
Determinants of pension plan fees in Spain
(Taylor & Francis, 2009)
Pension plans and funds represent a substantial part of the welfare systems in both Europe and Spain. One of the most important factors in the choice of a plan or fund is the performance it obtains. In view of the influence ...
Decentralization and efficiency of local government
(Springer-Verlag, 2010)
This study analyzes the links between efficiency and the decentralization of power in Spanish local governments for the years 1995 and 2000. To this end, we carried out a two-stage activity analysis in which the performance ...
On the comparative performance of socially responsible and islamic mutual funds
(Elsevier, 2013-07)
This is the first study to provide comprehensive analyses of the relative performance of both socially responsible investment (SRI) and Islamic mutual funds. The analysis proceeds in two stages. In the first, the performance ...
Hofstede's cultural dimensions and R&D instensity as an innovation strategy: a view from different intitutional contexts
(Springer, 2020-07-22)
The impact of all six of Hofstede’s cultural dimensions (power distance, individualism/collectivism, masculinity/femininity, uncertainty avoidance, long-term/short-term orientation, and restraint/indulgence) on business ...
The power of ethical investment in the context of political uncertainty
(Taylor & Francis, 2019-10-31)
In this paper we analyse a set of socially responsible investment
(SRI) indices against their conventional counterparts in the US context. Using a data set that spans the Obama and Trump administrations, we aim to identify ...
Re-examining the risk-return relationship in Europe: Linear or non-linear trade-off?
(2015-07-02)
This paper analyzes the risk–return trade-off in Europe using recent data from 11 European stock markets. After relaxing the linear assumptions in the risk–return relationship by introducing a new approach that considers ...
The demand for structured products: an experimental approach
(Wiley, 2014)
Guaranteed investment funds are showing an important growth in the mutual fund industry. We
analyze this type of fund’s demand using the experimental methodology. Different types of structured
guaranteed funds, with ...
Measuring the hedging effectiveness of index futures contracts: Do dynamic models outperform static models? A regime-switching approach
(2015-07-06)
This paper estimates linear and non-linear GARCH models to find optimal hedge ratios
with futures contracts for some of the main European stock indexes. By introducing
non-linearities through a regime-switching ...