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| Tekijä: | Cosset, J.-C. Suret, J.-M. |
| Otsikko: | Political risk and the benefits of international portfolio diversification |
| Lehti: | Journal of International Business Studies
1995 : SECOND QUARTER, VOL. 26:2, p. 301-318 |
| Asiasana: | INTERNATIONAL RISK PORTFOLIO MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | This paper examines the benefits of portfolio investment in the stock markets of politically risky countries by evaluating the effects of political risk constraints on the performance of a portfolio of international stocks. The authors use monthly data on political risk ratings and stock returns for a sample of thirty-six countries from April 1982 to December 1991. Ex-post and ex-ante portfolio selection strategies are developed to aseess the gains from international diversification. |
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