Equity market integration in the Asia Pacific region: Evidence from discount factors

被引：13
|
作者：
Claus, Edda [1 ]
Lucey, Brian M. [2 ,3 ]
机构：
[1] Univ Melbourne, Melbourne Inst Appl Econ & Social Res, Level 7,Alan Gilbert Bldg,161 Barry St, Parkville, Vic 3010, Australia
[2] Trinity Coll Dublin, Inst Int Integrat Studies, Dublin, Ireland
[3] Trinity Coll Dublin, Sch Business, Dublin, Ireland
来源：
RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2012年 / 26卷 / 02期
关键词：
Stock market integration; Non-linear panel estimations;
D O I：
10.1016/j.ribaf.2011.09.002
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The paper investigates stock market integration among 10 economies in the Asia Pacific region over the period April to May 2006 based on a recently developed technique that relies on estimating expected discount rates; see Flood and Rose (2005a, b). The results show a limited but varying degree of stock market integration among the 10 economies. Membership in a formal economic organization does not seem to affect the degree of integration. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码：137 / 163
页数：27
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