Sökning: "Portfolio Diversification"

Visar resultat 1 - 5 av 30 avhandlingar innehållade orden Portfolio Diversification.

1. 1. The psychology of diversification: Novice investors´ability to spread risks

   Författare :Martin Hedesström; Göteborgs universitet; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Covariation neglect; Novice investors; Portfolio diversification; Diversification heuristic; Behavioural economics; Ekonomisk psykologi;

   Sammanfattning : In order to reduce risk, portfolio theory prescribes holding a stock portfolio that is diversified across industries and countries. This thesis investigates novice investors’ ability to compile well-diversified portfolios and to what extent psychological factors may affect diversification. LÄS MER

3. 2. Portfolio Selection and the Analysis of Risk and Time Diversification

   Författare :Mattias Persson; Nationalekonomiska institutionen; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; economic policy; economic systems; economic theory; econometrics; Economics; Lower Partial Moment; Portfolio Selection; Parameter Uncertainty; Time Diversification; Bootstrap; Downside Risk; Estimation Risk; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Financial science; Finansiering;

   Sammanfattning : This thesis is devoted to the analysis of three important issues in financial economics in general and portfolio selection in particular: the risk measure, estimation risk and time diversification. Besides a short introductory chapter the thesis consists of four empirical essays. LÄS MER

4. 3. Improving strategic decisions for real estate investors : Perspectives on allocation and management

   Författare :Sigrid Katzler; Svante Mandell; Inga-Lill Söderberg; Elias Oikarinen; KTH; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Public real estate; private real estate; MPT; time-varying correlation; liquidity; mixed-asset portfolio; real estate portfolio; diversification; outsourcing; Fastigheter och byggande; Real Estate and Construction Management;

   Sammanfattning : Real estate is an attractive asset class in the mixed-asset portfolio due to favorable risk return characteristics and low correlations with other asset classes like stock and bonds. Unlike financial assets, real estate is a physical asset where large lot sizes/indivisibility, heterogeneity, low liquidity and high transaction costs make applying financial models like modern portfolio theory (MPT) challenging. LÄS MER

5. 4. International Asset Pricing, Diversification and Links between National Stock Markets

   Författare :Birger Nilsson; Nationalekonomiska institutionen; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Financial science; Finansiering; economic systems; economic theory; Economics; econometrics; Simulated Annealing; Capital Market Liberalization; International Asset Pricing; Diversification;

   Sammanfattning : This thesis consists of three self-contained empirical studies on international financial economics. The common economic theme is that all three studies deal with international stock market return and risk. LÄS MER

7. 5. Essays on Banking and Portfolio Choice

   Författare :Bo Larsson; Hans Wijkander; Jean-Charles Rochet; Stockholms universitet; []
   Nyckelord :Optimal reserves; Time-diversification; Home bias;

   Sammanfattning : This thesis consists of three self-contained essays in the fields of banking and portfolio choice.Banking and Optimal Reserves in an Equilibrium Model:I address the question of reserves in banking, particularly the fact that reserves are substantially larger than the stipulated reserve requirements by Bank of International Settlements. LÄS MER