Current Version: February 2004 ______________________________________________________________________ Abstract Have the introduction of the euro and the realization of the European Economic and Monetary Union (EMU) changed correlation structures between European countries and industries? The answer to this question has major implications for funds managers across Europe. Although the investment...

This study investigates the impact of internationalization on the results achieved by agricultural cooperatives in the State of Parana, at the same time examining strategies for diversification of markets as well as diversification of products aimed exclusively at international markets. Of the 28 cooperatives to be included in the study, 67.9% returned valid structured questionnaires. The colle...

Numerous studies have examined the impact of international diversification on firm performance. However, literature is characterised by inconsistent findings, suggesting need for a quantitative review and synthesis hypothesised relationships. Using sample 263 effect sizes from 187 primary between 1974 2021, we conduct meta-analysis to test relationship performance, moderating product diversific...

This study examines whether U.S. international equity mutual funds provide out-of-sample diversification benefits in the presence of no short selling constraints. Ignoring economic state, do not benefits. However certain states. The are concentrated when lag one-month Treasury Bill return is lower than normal.