Managerial Finance: Volume 18 Issue 2

Benefits from International Diversification: Across Time and Country Perspectives

Jeff Madura, Luc Soenen

Over the last 20 years, research has confirmed and reconfirmed the benefits of international diversification. [See Madura (1984) for a review of this research.] However, changes…

European Diversification Opportunities in the 1990's

Lawrence C. Rose, Joseph H. Black

This paper attempts to identify potential countries in Europe for direct foreign investment. Correlations of GNP per capita across international borders indicate Bulgaria and…

Effects of the Single European Act on EEC Diversification

Emilio Zarruk, Armand Picou

The 1987 Single European Act's intended goal is to unify European member nations. The Act provides a series of steps over time that dismantles the various trade barriers between…

Capitalizing on Eastern Europe

Katerina Lyroudi, Don A. Taylor

The 1990s may be viewed as the decade of economic globalization. The projected EEC integration in 1992 has already lead to an increase in direct foreign investment (DFI) and…

International Mutual Fund Performance U.S. vs. U.K.

John M. Cheney, Stanley Atkinson, Barrie A. Bailey

An increasing number of investors are becoming aware of the benefits of international diversification. Generally, an internationally diversified portfolio of securities will be…

Optimal Portfolio Selection: A Pedagogical Note

Carl B. McGowan, Henry W. Collier, Colin M. Young

The objective of this paper is to demonstrate how to use the Elton, Gruber, and Padberg [1978] model to construct optimal portfolios and to facilitate the use of this paradigm by…