If you're an investor, then you owe a word of gratitude to the late Nobel Prize laureate Harry Markowitz and his work on Modern Portfolio Theory (MPT). The development and subsequent implementation of ...

He overturned the traditional approach to buying stocks by examining the relationship between risk and reward. By Robert D. Hershey Jr. Harry M. Markowitz, an economist who launched a revolution in ...

The Journal of Finance publishes leading research across all the major fields of financial research. It is the most widely cited academic journal on finance and one of the most widely cited journals ...

This paper is concerned with the problem of optimizing the structure of assets and liabilities of the property-liability insurer. The research is empirical and seeks to provide some preliminary ...