Abstract The distribution of long-run compound returns to portfolio strategies is greatly affected by periodic rebalancing. Over time, buy-and-hold portfolios gradually lose diversification as extreme skewness in individual stock leads increasingly concentrated holdings. For long investment horizons, small rebalanced holding only a fraction all stocks therefore achieve better than much larger m...

return and volatility spillovers are important for portfolio selection, asset valuation and market efficiency investigation. using a var-bekk framework model, this paper investigates return and volatility spillover effects between three size-sorted equity indices in tehran stock exchange (tse). although daily return of large stocks leads small stocks (lead-lag effect), there wasn’t any spillove...

India has a long history of business and international trade that spans 4000 years, however, profiles ancient businessmen are rarely available to students help them visualize person environment an earlier era. This article short across many centuries based on texts, recent findings inscriptions other recorded history. The case stories will hopefully provide human faces understand the unique pra...

The present paper thoroughly explores second-best efficient allocations in an adverse selection insurance economy. We start from a natural extension of the classical model, assuming less than perfect risk perceptions. We propose first and second welfare theorems, by means of which we describe efficiencyenhancing policies. Notions of weak and strong adverse selection are promising for interpreti...

Investors and investments are two inseparable constituents of financial system. However, investors hardly be able to make informed decisions regarding asset classes for their short-term since the returns risks in very short term up say 30 days would unpredictable. Still compensate against inflation, need invest even short- surplus funds suitable classes. While end benefit average is inherently ...