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      <record key="001" att1="001" value="135708" att2="135708">001   135708</record>
      <field key="037" subkey="x">englisch</field>
      <field key="050" subkey="x">Forschungsbericht</field>
      <field key="076" subkey="">Ökonomie</field>
      <field key="079" subkey="y">http://www.ihs.ac.at/publications/eco/es-93.pdf</field>
      <field key="079" subkey="z">Hlouskova, Jaroslava - et al., Legal Restrictions on Portfolio Holdings: Some Empirical Results (pdf)</field>
      <field key="079" subkey="y">http://ideas.repec.org/p/ihs/ihsesp/93.html</field>
      <field key="079" subkey="z">Institute for Advanced Studies. Economics Series; 93 (RePEc)</field>
      <field key="100" subkey="">Hlouskova, Jaroslava</field>
      <field key="103" subkey="">Department of Economics and Finance, Institute for Advanced Studies</field>
      <field key="104" subkey="a">Lee, Gabriel S.</field>
      <field key="107" subkey="">Department of Economics and Finance, Institute for Advanced Studies</field>
      <field key="331" subkey="">Legal Restrictions on Portfolio Holdings: Some Empirical Results</field>
      <field key="403" subkey="">1. Ed.</field>
      <field key="410" subkey="">Wien</field>
      <field key="412" subkey="">Institut für Höhere Studien</field>
      <field key="425" subkey="">2001, January</field>
      <field key="433" subkey="">25 pp.</field>
      <field key="451" subkey="">Institut für Höhere Studien; Reihe Ökonomie; 93</field>
      <field key="451" subkey="h">Kunst, Robert M. (Ed.) ; Fisher, Walter (Assoc. Ed.) ; Ritzberger, Klaus (Assoc. Ed.)</field>
      <field key="461" subkey="">Economics Series</field>
      <field key="517" subkey="c">from the Table of Contents: Introduction; Sensitivity Analysis of Parametric Quadratic Programming: Some Simple Cases; Some</field>
      <field key="Mea" subkey="s">ures for Trade off; Some Empirical Results; Conclusion;</field>
      <field key="542" subkey="">1605-7996</field>
      <field key="544" subkey="">IHSES 93</field>
      <field key="700" subkey="">C61</field>
      <field key="700" subkey="">G11</field>
      <field key="720" subkey="">Upper bound constraint</field>
      <field key="720" subkey="">Portfolio holdings</field>
      <field key="720" subkey="">Parametric quadratic programming</field>
      <field key="753" subkey="">Abstract: This article investigates the sensitivity analysis of mean-variance portfolio holdings to changes in the upper bounds.</field>
      <field key="The" subkey="">optimization problem studied in this paper is, thus, constrained by a restriction that no more than certain portion of wealth</field>
      <field key="can" subkey="">be invested in any one security. Our empirical results show that for both risk tolerant as well as for risk averse investors,</field>
      <field key="the" subkey="">performance and expected returns of mean-variance efficient portfolios under the legal restrictions are lower and the</field>
      <field key="var" subkey="i">ance are higher than the corresponding ones without the restriction.;</field>
    </SEQUENTIAL>
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