Until recently virtually all developing countries were heavily dependent upon exports of primary commodities. Globally, this gave rise to three severe problems. First, because commodity prices are highly volatile, countries had to cope with large shocks, both positive and negative. Evidence suggests that the largest of these shocks were poorly managed, with negative shocks causing substantial c...

There is little consensus on the corporate diversification-efficiency relationship in the diversification literature. The study aims to contribute to the literature by looking jointly at two dimensions of corporate diversification as product diversification and international diversification and the relationship between them. The results show negative relationship between product diversification...

This article focuses on a new measure of global co-movement defined as influence: the average partial correlation of one asset with respect to others. The influence of nominal returns and real price cycles of various commodities is computed for the period of January 1968–December 2013. The estimation results show that there is strong co-movement among the average influences of nominal returns o...

The benefits of portfolio diversification is a central tenet implicit to modern financial theory and practice. Linked to diversification is the notion of breadth. Breadth is correctly thought of as the number of independent bets available to an investor. Conventionally applications using breadth frequently assume only the number of separate bets. There may be a large discrepancy between these t...

the primary goal of any economic policy in the production front is, as far as possible to enhance the degree of sectoral interrelatedness (henceforh si) within the home economy. the focal objective of such policy is not only to increase the sectoral value added of the economy but also to improve the position of the trade balance in the commodity trade front. iran, being characterized a sole mon...

there is little consensus on the corporate diversification-efficiency relationship in the diversification literature. the study aims to contribute to the literature by looking jointly at two dimensions of corporate diversification as product diversification and international diversification and the relationship between them. the results show negative relationship between product diversification...

firms pursue diversification for sake enhancing financial performance. some theories state positive relationship between diversification and financial performance. however, there are some theories for negative relationship about the issue. the study has filled the gap that most studies done in developed countries and there are fewer studies in developing country like malaysia. in this study, re...