Correlation aversion in foreign direct investment
Khotamov, Navruz:Naoto Jinj
『Finance Research Letters』 Vol.74 1-5頁 (2025/03/01)
Decisions under risk are often multidimensional, where the preferences of the investor depend on several factors. Investment theory implies that in the presence of different shocks, the correlation between these shocks is important. This study analyzes the relationship between the correlation of two shocks and foreign direct investment…