| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1003204 | Research in International Business and Finance | 2008 | 13 Pages |
Abstract
This paper: (i) examines the potential benefits from diversifying into eight stock markets of Central and Eastern Europe (CEE); and (ii) quantifies the importance of country, industry and time factors in CEE equity returns. The findings suggest that substantial benefits exist from investing in CEE stock markets and that they accrue more from the geographical spread than from the industrial mix of the equities included in the portfolio. However, the returns earned by CEE equities vary dramatically over time. This variability may hamper the efforts of investors attempting to exploit the diversification “free lunch”.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
C.A.J. Middleton, S.G.M. Fifield, D.M. Power,