Diversification (finance)

Known as: Diversification of risk, Diversification, Diversify your investments 
In finance, diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk. A common… (More)
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Related topics

Related topics

5 relations
Capital asset pricing modelCascades in financial networksCoherent risk measureModern portfolio theory
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Papers overview

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Highly Cited
2008
Highly Cited
2008
Equity Portfolio Diversification ∗
This study shows that U.S. individual investors hold under-diversified portfolios, where the level of under-diversification is… (More)
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Highly Cited
2007
Highly Cited
2007
Villalonga * Does Diversification Cause the " Diversification Discount " ?
Using recent econometric developments about causal inference, I examine whether diversification destroys value. I estimate the… (More)
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Highly Cited
2003
Highly Cited
2003
Was Prometheus Unbound by Chance ? Risk , Diversification , and Growth
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org… (More)
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Highly Cited
2003
Highly Cited
2003
Stages of Diversification
This paper studies the evolution of sectoral concentration in relation to the level of per capita income. We show that various… (More)
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Highly Cited
2001
Highly Cited
2001
Income Diversification and Household Livelihood Strategies in Rural Africa : Concepts , Dynamics , and Policy Implications
Asset, activity and income diversification lie at the heart of livelihood strategies in rural Africa. This paper introduces a… (More)
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Highly Cited
2000
Highly Cited
2000
Global Diversification , Industrial Diversification , and Firm Value
Using a sample of 44,288 firm-years between 1984 and 1997, we document an increase in the extent of global diversification over… (More)
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Highly Cited
2000
Highly Cited
2000
Does Corporate Diversification Destroy Value ?
We analyze several hundred firms that expand via acquisition and/or increase their reported number of business segments. The mean… (More)
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Highly Cited
1999
Highly Cited
1999
EXPLAINING THE DIVERSIFICATION DISCOUNT
This paper argues that the documented discount on diversified firms is not per se evidence that diversification destroys value… (More)
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Highly Cited
1999
Highly Cited
1999
American Finance Association Home Bias at Home : Local Equity Preference in Domestic Portfolios
  • Joshua D. Coval, Tobias J. Moskowitz
  • 1999
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org… (More)
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Highly Cited
1997
Highly Cited
1997
The Cost of Diversity : The Diversification Discount and Inefficient Investment
We model the distortions that internal power struggles can generate in the allocation of resources between divisions of a… (More)
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