Information security compliance has become one of the top priorities for firms to remain competitive in this era. It is even more challenging to comply with foreign standards and laws, when a firm aims to internationalize its operations and remain competitive. This paper discusses the role of information security compliances in international diversification phenomena. Specifically, drawing from...

The paper provides a general equilibrium model to show how the incompleteness of international financial markets leads to insufficient industrial specialization and a depressed volume of goods trade. As international portfolio diversification is limited and productivity is uncertain, investors wish to maintain a diversified industrial structure, not specializing according to their comparative a...

In this paper we investigate the diversification effects when stock market returns are c orrelated with foreign exchange rates. We first show that when equity markets and cu rrency market are correlated, even an identical equally weighted portfolio using equiti es from two countries will yield different diversification effects depending on which c ountry’s currency the returns are measured. We ...

1: Introduction A large literature has developed that has examined the diversification strategies most suited to a real estate portfolio. Much of this debate has centred on the relative attractiveness of regional or sector diversification. However, more recent evidence would suggest that improved diversification benefits are not purely driven by either the sector or region in which a property i...

Novelty-based diversification approaches aim to produce a diverse ranking by directly comparing the retrieved documents. However, since such approaches are typically greedy, they require O(n) documentdocument comparisons in order to diversify a ranking of n documents. In this work, we propose to model novelty-based diversification as a similarity search in a sparse metric space. In particular, ...

With the emergence of new capital markets and liberalization of stock markets in recent years, there has been an increase in investors’ interest in international diversification. This is so because international diversification allows investors to have a larger basket of foreign securities to choose from as part of their portfolio assets, so as to enhance the reward-to-volatility ratio. This be...

Investigating banks’ status has always been a concern to its management and regulatory decisions, which can be carried out by means of income diversification and CAMEL composite. The importance of income diversification is to decline the operation risk. The soundness of banking is also another essential component in the banking industry that can be evaluated by CAMEL. This article’s two primary...