RESPONSE ASYMMETRIES IN HONG KONG, SINGAPORE, TAIWAN, AND THAILAND EQUITY MARKETS: DOES TIME PERIOD MATTER?

• 발행기관: People & Global Business Association
• 저자명: Dave O Jackson Jian yu Ma
• 간행물 정보: 『Global Business and Finance Review』Vol.11 No.2, 11~19쪽, 전체 9쪽
• 주제분류: 경제경영 > 경영학
• 파일형태: PDF
• 발행일자: 2006.12.31

영문 초록

We use the price indices of four Asian emerging stock markets (Hang Seng Index for Hong Kong, the Straits Times Index for Singapore, the Weighted Index for Taiwan, Bangkok S.E.T for Thailand), and compare their performance with the S&P 500 Composite for the U.S., and the Nikkei 225 Stock Average for Japan to test the response asymmetry of emerging stock markets to stock markets in developed countries. We use several time spans to examine whether the results are consistent over time and conclude that there is response asymmetry between Asian stock markets and the US. and Japan markets over the long run but not in the short run.

목차

Abstract

INTRODUCTION

RELATED LITERATURE

DATA AND METHODOLOGY

RESULTS

CONCLUSION

REFERENCES