International versus geographical risk diversification: Cross country empirical evidence

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Haluk Akdoğan.pdf

Date

1994

Author

Akdoğan, Haluk

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This paper views 26 national markets as stock portfolios in a global market and measures their risk. Evidence supports that the compensation per unit of sensitivity is the world price of risk. The familiar postulate that the removal of barriers against investment makes markets less segmented is also justified.

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https://hdl.handle.net/11511/108229

Journal

ODTÜ Gelişme Dergisi

Collections

Department of Economics, Article

Citation Formats

H. Akdoğan, “International versus geographical risk diversification: Cross country empirical evidence,” ODTÜ Gelişme Dergisi, vol. 21, no. 2, pp. 175–196, 1994, Accessed: 00, 2024. [Online]. Available: https://hdl.handle.net/11511/108229.