Diversification and portfolio theory: a review
GB Koumou - Financial Markets and Portfolio Management, 2020 - Springer
Diversification is one of the major components of investment decision-making under risk or
uncertainty. However, paradoxically, as the 2007–2009 financial crisis revealed, the concept …
uncertainty. However, paradoxically, as the 2007–2009 financial crisis revealed, the concept …
Buying beauty: On prices and returns in the art market
L Renneboog, C Spaenjers - Management Science, 2013 - pubsonline.informs.org
This paper investigates the price determinants and investment performance of art. We apply
a hedonic regression analysis to a new data set of more than one million auction …
a hedonic regression analysis to a new data set of more than one million auction …
[HTML][HTML] Value creation and capture in decentralized finance markets: Non-fungible tokens as a class of digital assets
J Schwiderowski, AB Pedersen, JK Jensen, R Beck - Electronic Markets, 2023 - Springer
Abstract Information technology (IT) has radically changed the financial services industry,
with the most recent transformation toward Fintech and decentralized finance (DeFi), driven …
with the most recent transformation toward Fintech and decentralized finance (DeFi), driven …
Investing with cryptocurrencies–evaluating their potential for portfolio allocation strategies
Cryptocurrencies (CCs) have risen rapidly in market capitalization over the past years.
Despite striking volatility, their high average returns and low correlations have established …
Despite striking volatility, their high average returns and low correlations have established …
Art and money
WN Goetzmann, L Renneboog… - American Economic …, 2011 - aeaweb.org
This paper investigates the impact of equity markets and top incomes on art prices. Using a
newly constructed art market index, we demonstrate that equity market returns have had a …
newly constructed art market index, we demonstrate that equity market returns have had a …
The price of art: Uncertainty and reputation in the art field
How do prices for contemporary art come into being? Buyers of contemporary art face a
problem of fundamental uncertainty, because what passes as quality is difficult to determine …
problem of fundamental uncertainty, because what passes as quality is difficult to determine …
Is there a bubble in the art market?
The record-breaking prices observed in the art market over the last 5 years raise the
question of whether it is an ongoing boom or whether we are experiencing a speculative …
question of whether it is an ongoing boom or whether we are experiencing a speculative …
Ex post: The investment performance of collectible stamps
E Dimson, C Spaenjers - Journal of Financial Economics, 2011 - Elsevier
This paper uses stamp catalogue prices to investigate the returns on British collectible
postage stamps over the period 1900–2008. We find an annualized return on stamps of …
postage stamps over the period 1900–2008. We find an annualized return on stamps of …
[HTML][HTML] Tokenization and regulatory compliance for art and collectibles markets: from regulators' demands for transparency to investors' demands for privacy
Abstract Art and collectibles markets tend to involve lower liquidity and higher fees than
public equity markets. Distributed ledger technology can tokenize artworks and collectibles …
public equity markets. Distributed ledger technology can tokenize artworks and collectibles …
How safe are the safe haven assets?
KA Kopyl, JBT Lee - Financial Markets and Portfolio Management, 2016 - Springer
The aim of this paper is to examine which of the assets commonly believed to be safe
havens do, in fact, protect investors during periods of severe financial instability. Using a …
havens do, in fact, protect investors during periods of severe financial instability. Using a …