Janda, Karel and Svárovská, Barbora (2009): The Problems of Correlation in the Financial Risk Management – the Contribution of Microfinance.
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In this paper we first introduce microfinance institutions as an alternative investment instrument. We argue that beside socially responsible features of microfinance, there exists also significant portfolio enhancement opportunity in microfinance investments. Then we provide an overview of possible ways how to evaluate the correlation between microfinance related financial instruments and conventional financial market measures of risk and return.
|Item Type:||MPRA Paper|
|Original Title:||The Problems of Correlation in the Financial Risk Management – the Contribution of Microfinance|
|Keywords:||Microfinance; Investment; Funds|
|Subjects:||G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice; Investment Decisions
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
|Depositing User:||Karel Janda|
|Date Deposited:||22. Dec 2009 07:14|
|Last Modified:||14. Feb 2013 03:07|
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