کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5063127 1476674 2015 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Regional and global spillovers and diversification opportunities in the GCC equity sectors
ترجمه فارسی عنوان
اختلافات منطقه ای و جهانی و فرصت های متنوع در بخش های صلاحیت شورای همکاری خلیج فارس
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
چکیده انگلیسی
This paper examines the international diversification benefits of bloc-wide equity sectors in the oil-rich Gulf Cooperation Council (GCC) countries by comparing alternative spillover models that encompass local, regional and global factors. Some GCC-wide equity sectors/subsectors are found to display segmentation from global markets during periods of high and extreme market volatility, and thus can serve as safe havens for international portfolio investors during such periods. The in- and out-of-sample portfolio analyses further suggest that supplementing global portfolios with positions in the GCC markets yields significant international diversification benefits, consistently offering much improved risk-adjusted returns across the alternative spillover models.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Emerging Markets Review - Volume 24, September 2015, Pages 160-187
نویسندگان
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