Show simple item record

2012-08-31Buch DOI: 10.18452/4425
Rethinking stock market integration
dc.contributor.authorTam, Pui Sun
dc.contributor.authorTam, Pui I
dc.date.accessioned2017-06-16T00:43:27Z
dc.date.available2017-06-16T00:43:27Z
dc.date.created2012-11-16
dc.date.issued2012-08-31
dc.date.submitted2012-08-31
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/5077
dc.description.abstractThis paper aims to study the extent of integration among developed and emerg- ing stock markets in the onset of globalization through the formulation of a uni?ed conceptual framework that synthesizes the stock valuation model and the convergence hypothesis. Market integration manifests in the convergence of stock valuation ratios of markets in the long run, where valuation ratios are reflective of stock fundamentals driven by common global factors across markets. The spectrum of transition dynamics of markets towards integration is explored with variants of valuation ratios and di¤er- ent notions of convergence. Results reveal the time-varying nature of the global stock market integration process that is characterized by heterogeneous transition experience of markets at both the total market and disaggregated industrial sector levels.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectConvergenceeng
dc.subjectStock market integrationeng
dc.subjectValuation ratioeng
dc.subject.ddc310 Statistik
dc.subject.ddc330 Wirtschaft
dc.titleRethinking stock market integration
dc.typebook
dc.subtitleGlobalization, valuation and convergence
dc.identifier.urnurn:nbn:de:kobv:11-100205682
dc.identifier.doihttp://dx.doi.org/10.18452/4425
local.edoc.container-titleSonderforschungsbereich 649: Ökonomisches Risiko
local.edoc.pages54
local.edoc.type-nameBuch
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-volume2012
local.edoc.container-issue52
local.edoc.container-year2012
local.edoc.container-erstkatid2195055-6

Show simple item record