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Market conditions and the optimal IPO allocation mechanism in China

✍ Scribed by Shiguang Ma; Robert Faff


Book ID
116816811
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
194 KB
Volume
15
Category
Article
ISSN
0927-538X

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## Abstract Low correlations between asset returns increase the portfolio diversification benefits and for US investors emerging market equities are one such class of assets. Several studies indicate that the correlations between asset returns are time varying and using unconditional estimates of c