search query: @indexterm market research / total: 2057
reference: 79 / 2057
| Author: | Bekaert, G. Harvey, C. R. Lumsdaine, R. L. |
| Title: | Dating the integration of world equity markets |
| Journal: | Journal of Financial Economics
2002 : AUG, VOL. 65:2, p. 203-247 |
| Index terms: | Market research Market structure Liberalization Portfolio management |
| Language: | eng |
| Abstract: | Regulatory changes that appear comprehensive will have little impact on the functioning of a developing market if they fail to lead to foreign portfolio inflows. The authors specify a reduced-form model for a number of financial time series and search for a common, endogenous break in the data generating process. They find that the endogenous dates are usually later than official dates, highlighting the important distinction between market liberalization and market integration. |
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