In this paper we investigate the predominant robo-advisor model, uncovering that however
novel this solution might be, it also relies religiously on imperative contributions to modern …

Academicians and practitioners recently have focused a great deal of attention on the issue
of retirement asset allocation. However, research on the academic side typically has …

This paper characterizes the Canadian investment opportunity set (IOS) over the period from
1967 through 1993. The conditional IOS represents the risk and return choices available to …

We demonstrate that the mean–variance optimal portfolio does not outperform (out of
sample) the naive 1/N diversification strategy even if securities are grouped into indexes or …

The information horizon of an investment strategy or a forecast signal is defined as the half
life of its forecasting power. An article explains that information horizon is a useful and robust …

Prior research has documented effects of bank loan covenant violations on various firm
behaviors from the perspective of shareholders. Our paper extends this stream of research …

Mutual Fund performance is the main consideration for investors in determining their
investment decisions. The performance of Equity Funds is influenced by many determinants …

We demonstrate that the estimates of the Capital Asset Pricing Model (CAPM) parameters
significantly differ across samples, which are based on different days of the week …

The main objective of this paper is to analyze within the Mean-Downside Risk (MDR)-
framework the relevance of the investment horizon for deriving optimal US asset class …

The mean-variance approach is the most widely used in the portfolio selections. The
portfolio selection is based on two variables:(i) expected value of the portfolio return;(ii) …