...Ritesh Patel Purpose The purpose of this study is to explore the connectedness between five biodiversity finance assets and major asset classes. This study also aims to measure the portfolio diversification and hedging benefits of biodiversity assets. Design/methodology/approach...

... periods, those markets are expected to exhibit a degree of integration. Georgios Sermpinis can be contacted at: georgios.sermpinis@glasgow.ac.uk © Emerald Group Publishing Limited 2013 Beta-convergence Cointegration analysis Market integration Portfolio diversification Sigma...

... employs the market model to test the effect of excess return on portfolio returns. The paper divides total risk into systematic and idiosyncratic risk to examine whether the degree of inefficient portfolio diversification impairs the applicability of the capital asset pricing model (CAPM). In the two‐pass...