Recognizing that robust decision making is vital in risk management, this book provides
concepts and algorithms for computing the best decision in view of the worst-case scenario …

This study analyses US-product and market diversification over the 1981-90 period. Their
combinations are also examined to provide a new dimension of corporate diversification …

This paper investigates the efficacy of simple strategies for hedging foreign exchange risk.
The strategies are: to always hedge, to never hedge, to hedge when the forward rate is at a …

A local electricity distribution company (LDC) can reduce its exposure to the inherent risks of
spot-price volatility and uncertain future demand via forward contracts. Management's …

This dissertation evaluates international real estate as an alternative asset for the
institutional investor. Real estate returns in the US and UK were examined in both a mixed …

This paper is a brief survey of systematic violations of security market efficiencies in the US,
Japan and other world wide equity markets. These security market regulatories or anomalies …

In this study, we examine the construction of ex ante internationally diversified stock
portfolios under both parameter uncertainty and exchange rate uncertainty. Both passive …

This study seeks to examine the effectiveness of controlling the currency risk for international
diversified mixed‐asset portfolios via two different hedge instruments, currency forwards and …

This paper investigates the efficacy of five selective hedging strategies using foreign
exchange futures contracts. The strategies are based on the relative purchasing power …

This study analyses the diversification potential of integrating indirect real estate investments
in international investment portfolios. To this end, monthly index-return time-series for the …