user

Corruption and stock market development: A quantitative approach

被引：21
|
作者：
Bolgorian, Meysam [1 ]
机构：
[1] Univ Tehran, Fac Management, Dept Financial Management, Tehran 14155, Iran
来源：
PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS | 2011年 / 390卷 / 23-24期
关键词：
Corruption; Stock market; GROWTH; MODEL;
D O I：
10.1016/j.physa.2011.07.024
中图分类号：
O4 [物理学];
学科分类号：
0702 ;
摘要：
Studying the relation between corruption and economic factors and examining its consequences for economic development have attracted many economists and physicists in recent years. The purpose of this paper is to focus on the role of stock market development on corruption. Analyzing a data set of corruption and stock market development measures such as market capitalization and total value of share trading for 46 countries around the world for the period 2007-2009, we examine the dependence of the Corruption Perception Index (CPI) on stock market development. Our findings suggest that there exists a power-law dependence between corruption and stock market development. We also observe a negative relation between level of corruption and financial system improvement. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码：4514 / 4521
页数：8
相关论文
共 50 条
  • [21] A New Approach to Stock Market Execution
    Lewis, Rebecca
    McPartland, John
    [J]. JOURNAL OF TRADING, 2016, 11 (02): : 65 - 70
  • [22] The quantitative easing effect on the stock market of the USA, the UK and Japan An ARDL approach for the crisis period
    Lima, Luiz
    Vasconcelos, Claudio Foffano
    Simao, Jose
    de Mendonca, Helder Ferreira
    [J]. JOURNAL OF ECONOMIC STUDIES, 2016, 43 (06) : 1006 - 1021
  • [23] Quantitative evaluation of consecutive resilience cycles in stock market performance: A systems-oriented approach
    Tang, Junqing
    Heinimann, Hans
    Khoja, Layla
    [J]. PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS, 2019, 532
  • [24] A statistical learning approach for stock selection in the Chinese stock market
    Wu, Wenbo
    Chen, Jiaqi
    Xu, Liang
    He, Qingyun
    Tindall, Michael L.
    [J]. FINANCIAL INNOVATION, 2019, 5 (01)
  • [25] A statistical learning approach for stock selection in the Chinese stock market
    Wenbo Wu
    Jiaqi Chen
    Liang Xu
    Qingyun He
    Michael L. Tindall
    [J]. Financial Innovation, 5
  • [26] Emergence and Development of Chinese Stock Market
    Gaffikin, Michael
    Liu, Tianshu
    [J]. INTERNATIONAL AREA STUDIES REVIEW, 2009, 12 (01) : 193 - 227
  • [27] Political regimes and stock market development
    Francis B.B.
    Ofori E.
    [J]. Eurasian Economic Review, 2015, 5 (1) : 111 - 137
  • [28] Geopolitical risk and stock market development
    Khraiche, Maroula
    Boudreau, James W.
    Chowdhury, Md Shahedur R.
    [J]. JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 2023, 88
  • [29] Political risk and stock market development
    Siriopoulos, C
    Asteriou, D
    [J]. MANAGING IN UNCERTAINTY: THEORY AND PRACTICE, 1998, 19 : 23 - 30
  • [30] Impacts of Corruption Control on Economic Growth in Relationship with Stock Market and Trade Openness
    Van Thi Hong Pham
    [J]. JOURNAL OF ASIAN FINANCE ECONOMICS AND BUSINESS, 2020, 7 (12): : 73 - 84
12345