A note on the long-run benefits from international equity diversification for a UK investor diversifying in the US equity market

被引：6
|
作者：
Kanas, A [1 ]
机构：
[1] Univ Stirling, Dept Accountancy & Finance, Stirling FK9 4LA, Scotland
来源：
APPLIED ECONOMICS LETTERS | 1999年 / 6卷 / 01期
关键词：
D O I：
10.1080/135048599353870
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This note provides evidence that there were long long-run benefits for a UK investor from diversifying in the equity markets of the US during the pre-October 1987 crash period, For the post-crash period, these benefits are reduced. These results are based on two distinct cointegration tests, and national indices from Morgan Stanley Capital International, which have several advantages over standard indices.
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页码：49 / 53
页数：5
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