Abstract
Welcome to the second issue of third volume of the Journal of Capital Markets Studies with a diverse range of papers focusing on the trends in capital markets, the market microstructure, corporate governance (CG) and behavioral attitudes.This issue begins with the paper by Can İnci and Rachel Lagasse, titled "Cryptocurrencies: applications and investment opportunities."This paper investigates the role of cryptocurrencies in enhancing the performance of portfolios constructed from traditional asset classes during the 2010s.The results reveal that Ripple has had the highest return and volatility, followed by Litecoin and Bitcoin.The paper documents adding a cryptocurrency, especially Bitcoin, has consistently helped the optimal portfolio achieve a better return-and-risk combination.The study is one of the first studies that examine the role of popular cryptocurrencies; however, it is significant to note that these results have no guarantee for continuation in an exact manner in the future.The following paper addresses board diversity and its effectiveness.