..., even when we use the traditional mean-variance framework other than expected utility theory to verify the economic benefit of the SBIs, our empirical results are found to be still valid. In conclusion, our results suggest that some passive investment strategies using KOSPI200 index options would...

... financial crisis. Investment Horizon Portfolio Selection Expected Utility KOSPI200 Index Option OTM Put ATM Straddle © 2016 Emerald Publishing Limited 2016 This article is published under the Creative Commons Attribution (CC BY 4.0) licence. Anyone may reproduce, distribute, translate...