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- Title
Country Effects, Industry Effects and the Effectiveness of International Diversification Within the GCC Region.
- Authors
Al-Jassar, Sulaiman; Moosa, Imad A.
- Abstract
A hedging approach is used to examine the effectiveness of international diversification within the Gulf Co-operation Council (GCC) region. By using data covering the six GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE) and various sectors, we find that diversification across whole markets is more effective than diversification across sectors, irrespective of whether the constructed portfolios contain two or more assets. The results also reveal that diversification among several markets or sectors is more effective than diversification among two markets or sectors.
- Subjects
BAYS; ASSETS (Accounting); MARKETS
- Publication
Review of Pacific Basin Financial Markets & Policies, 2019, Vol 22, Issue 4, pN.PAG
- ISSN
0219-0915
- Publication type
Article
- DOI
10.1142/S0219091519500280