Article title: Mean-Variance model : Added value of family business stocks.

  • Amine Mounir Finance Department
DOI: https://doi.org/10.53555/ams.v3i9.1127
Keywords: family business, mean-variance model, spanning test,, step-down procedure, diversification.

Abstract

Family business performance has been widely explored in the literature from corporate
perspective. An open question is how individual investors can benefit from this performance in
return-risk portfolio investment setting. This paper investigates the benefit of diversification
using family business stocks in financial portfolios. Based on the geometric representation of
the minimum variance frontier and asymptotic spanning tests, this paper highlights the
important role of family business stocks in risk contraction in diversified financial portfolios.

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Author Biography

Amine Mounir, Finance Department

The affiliation and address: ESCA Ecole de Management, Finance Department, 7, rue Abou
Youssef El Kindy 20070 Casablanca, Morocco.

Published
2017-09-30
How to Cite
Mounir, A. (2017). Article title: Mean-Variance model : Added value of family business stocks. IJRDO - Journal of Applied Management Science, 3(9), 01-17. https://doi.org/10.53555/ams.v3i9.1127
Issue
Vol. 3 No. 9 (2017): IJRDO - Journal of Applied Management Science
Section
Articles

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