Diversification is one of the major components of investment decision-making under risk or
uncertainty. However, paradoxically, as the 2007–2009 financial crisis revealed, the concept …

Understanding the process by which valuations are derived and interpreting that information
within the context of performance measurement are two areas which are likely to receive …

The purpose of the study is to investigate determinants of Internet banking adoption based
on an individual's benefits and costs of adopting Internet banking. Using data from the 2001 …

This research investigates the persistence of investment risk across time horizon, a crucial
issue in asset allocation decisions. Previous empirical results have focused mainly on US …

Financial advisors commonly recommend that the investment horizon should be rather long
in order to benefit from the 'time diversification'. In this case, in order to choose the optimal …

This paper examines the role played by the investor's investment horizon in the choice of
optimal portfolios. A complete discrete‐time, multiperiod, portfolio model is presented with a …

Currently, a great deal of empirical research has been done to test and verify Kahneman
and Tversky's (1979) prospect theory. Nevertheless, the research only addresses private or …

This paper examines the allocations of US financial assets in optimal portfolios that minimize
the proportion of downside risk, measured by deviations from target returns, to mean real …

We use stochastic dominance to test whether investor should prefer riskier securities as the
investment horizon lengthens. Return distributions for stocks, bonds, and US Treasury bills …

In finance one often needs to estimate the risk and reward of an asset over a long-run given
a sample of observations over a short-run. Two common obstacles in these estimations are …