The Changing Role of Industry and Country Effects in Global Equity Markets

Does industrial structure explain the benefits of international diversification?

Steven L. Heston, K. Geert Rouwenhorst · Journal of Financial Economics · 1994 · 780 citations

Business, Business Economics, Economics +14

The Increasing Importance of Industry Factors

Stefano Cavaglia, Christopher Brightman, Michael Aked · Financial Analysts Journal · 2000 · 471 citations

Business, Finance, Financial Management +17

Session Topic: Capital Asset Pricing Models in an International Context

M.S. Adler, Bruno Solnik · The Journal of Finance · 1974 · 374 citations

Business, Economics, Finance +16

The International Pricing of Risk: An Empirical Investigation of the World Capital Market Structure

Bruno Solnik · The Journal of Finance · 1974 · 369 citations

Business, Economics, Finance +16

The Rise of Sector Effects in Major Equity Markets

Sean P. Baca, Brian L. Garbe, Richard A. Weiss · Financial Analysts Journal · 2000 · 302 citations

Business, Economics, Finance +14