I also acknowledge ?nancial support from Shanghai Stock Exchange. The address of the corresponding author is: Yexiao Xu, School of Management; the University of Texas at Dallas; Richardson, TX 75083. Email: yexiaoxu@apache.utdallas.edu ? 0 Diversi?cation in the Chinese Stock Market ...
Diversi cation in the Chinese Stock MarketYexiao Xu¤School of ManagementThe University of Texas at DallasandShanghai Stock ExchangeThis version: September 2003AbstractModern nance theory suggests that individual investor should hold a well-diversi edportfolio instead of individual stocks. In practice,...
( 1996 ), “ Long-run diversification potential in emerging stock markets ”, The Financial Review, Vol. 31 No. 2, pp. 343 - 363 . [] []DeFusco, R.A., J.M. Geppert and G.P. Tsetsekos, 1996, Long-run diversification potential in emerging stock markets. The Financial Review, 31...
and Japanese markets. We conclude that despite the increasing international integration there still exist opportunities for diversification investment in the smaller and less studied European stock markets. 展开 关键词: Economic Growth Empirical Evidence Stock Market International Economic Common Trend ...
and 13 emerging capital markets in three geographical regions of the world. None of the three regions examined possesses cointegrated markets. The lack of cointegration indicates that the correlation between returns from each market is independent of the investment horizon Return correlations using ...
A further study of the relationship between size of portfolios and risk diversification in Shanghai stock market [J]. Systems Engineering- Theory and Practice [ISSN1000-6788], 2005, 25(10): 21-28. (In Chinese). 杨继平,张力健.沪市股票投资组合规模与风险分散 化关系的进一步研究 [J]. 系统工程...
This study examines the feasibility of international portfolio diversification in the Nigerian stock market. It investigates the relationship between the Nigerian stock market and 5 developed stock markets (US, UK, Japan, Germany and France) in the context of the global financial crisis. The Vector ...
The paper examines the stock market return interdependence from three different perspectives which are 'long-term', 'short-term' and 'dynamic' perspectives. In order to investigate the long-run interdependencies, the Johansen-Juselius multivariate co-integration test and the bivariate Engle-Granger 2-...
When the stock market or interest rates experience a swing, stocks and bonds tend to move in opposite directions. Even if you haven’t purchased many stocks or bonds, just being diversified in different asset classes will help offset negative impacts to your portfolio. ...
Stock market integration and macroeconomic fundamentals: an empirical analysis, 1980-95 As stock markets world-wide have become more open there has been increasing interest in international linkages. The recent literature has used modern time series techniques (cointegration, causality) to investigate ...