Browsing by Subject "International diversification"

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    An analysis of the relationships between international diversification, product diversification, firm resources and performance
    (2009) Capar, Nejat
    There have been numerous studies that have examined the relationships between international diversification, product diversification, firm resources, and performance. However, these studies have largely ignored the interrelationships and the causal linkages among the variables in consideration It was the purpose of this study, to overcome these limitations and to provide a better understanding of how these variables are related to each other. We have studied a sample of 211 firms for a 6-year period between 1995-2000. The results of the analyses have provided some interesting results. First, international diversification has been found to have a positive effect on innovation assets rather than the other way around. Second, the results show innovation assets lead to higher performance with a time lag. Further, there is also support that firms with little or no product diversification are more likely to benefit from international diversification. Finally, product diversification has been found to lead to lower investments in innovation assets.
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    ItemOpen Access
    Identifying diversifiers, hedges, and safe havens among Asia Pacific equity markets during COVID-19: New results for ongoing portfolio allocation
    (Elsevier BV, 2023-02-22) Ali, F.; Şensoy, Ahmet; Goodell, J. W.
    We identify diversification benefits among Asian equity markets in the COVID-19 era. We find that such benefits among Asia-Pacific markets changed considerably during the pandemic, and most changes were persistent. In most cases, any of the sample equities had at least one safe-haven protection. The exceptions are Pakistan, Thailand, and Singapore, where diversification benefits are limited and vary across subperiods. The Hong Kong equity market provides safe-haven protection to most markets during periods of extreme negative returns. Further, we find that greater (lower) weightings on the Bangladeshi, Taiwanese, and Malaysian (Thai) markets provide important diversification in terms of maximizing Sharpe ratio and minimizing variance during the pandemic.