search query: @indexterm Economic integration / total: 335
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| Author: | Johnson, R. Soenen, L. |
| Title: | Stock market reaction to EC economic and monetary integration |
| Journal: | European Management Journal
1993 : MAR, VOL. 11:1, p. 85-92 |
| Index terms: | STOCK MARKETS EUROPEAN COMMUNITY ECONOMIC INTEGRATION MONETARY INTEGRATION |
| Language: | eng |
| Abstract: | The risk/return characteristics of world stock markets are examined for the period 1973-1990 and three sub-periods. From the perspective of the U.S. investor, EC stock markets individually and collectively yield higher average rates of return but with higher variability than the U.S. stock market (except for the sub-period 1979-1984). However, investment in a well-diversified portfolio of EC stocks earned marginally higher average returns with less risk than investing in the Japanese stock market (except for the sub-period 1979-1984). |
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