haku: @indexterm Stabilization / yhteensä: 202
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| Tekijä: | Tang, G. |
| Otsikko: | Intervalling effect on intertemporal stability among Asian emerging markets and developed markets |
| Lehti: | Journal of Business Research
1996 : JUL, VOL. 36:3, p. 257-266 |
| Asiasana: | STABILIZATION ASIA MARKETS |
| Kieli: | eng |
| Tiivistelmä: | Using a direct test on the equality of variance-covariance matrices and on that of correlation matrices, the intervalling effect on the intertemporal stability in stock return relationships among six Asian emerging markets and four developed markets is examined. The empirical results show that: (1) it pays to diversity into the Asian emerging markets as the correlations between Asian emerging markets and developed markets are smaller than those among developed markets only; correlation matrices of stock returns are much more stable than the corresponding variance-covariance matrices. |
SCIMA