Abstract
Given the nature of James Bicksler's comment, it would be appropriate first to review briefly the most important works in the area of international portfolio investments.
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*Vihang R. Errunza is Associate Professor, Faculty of Management at McGill University. The author would like to thank M. Yalovsky for valuable comments and V. Jog for computational assistance.
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Errunza, V. Gains from Portfolio Diversification into Less Developed Countries' Securities: A Reply. J Int Bus Stud 9, 117–123 (1978). https://doi.org/10.1057/palgrave.jibs.8490875
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DOI: https://doi.org/10.1057/palgrave.jibs.8490875