Listings from the emerging economies: An opportunity for reputable stock exchanges
نویسندگان
چکیده
منابع مشابه
Stock market integration of emerging Asian economies: Patterns and causes
a r t i c l e i n f o JEL classification: G01 G11 G15 Keywords: Stock market integration DCC-GARCH model Price differentials Exchange rate risk Trade linkages GFC EGARCH In this study, we examine the patterns and causes of stock market integration of selected emerging Asian nations against the US, Australia, China, and India for the period 1 January 2001 to 31 March 2012. We compare patterns of...
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Prior research suggests an inverse relationship between geographic distance and financial market linkages. In this paper, we examine whether and how cultural distance between countries mitigates this finding. We find that country-pairs exhibit higher linkages if they have smaller cultural distance. The result remains significant to alternative measures of linkage. Finally, the cultural effect s...
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ژورنال
عنوان ژورنال: International Review of Economics & Finance
سال: 2011
ISSN: 1059-0560
DOI: 10.1016/j.iref.2010.11.014