Integration of Emerging Equity Markets: A Systematic Review di Chandra Thapa edito da VDM Verlag
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Integration of Emerging Equity Markets: A Systematic Review

A Systematic Review

Editore:

VDM Verlag

EAN:

9783639165944

ISBN:

3639165942

Pagine:
104
Formato:
Paperback
Lingua:
Tedesco
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Descrizione Integration of Emerging Equity Markets: A Systematic Review

Emerging Markets exhibit time varying integration with the developed markets with changes not only observed in the degree of expected returns and equity premium but the risk exposures and their sensitivities to the exposures also changes over time. The degree of variation observed in the level of integration in one particular market may be different from others leading to wide cross sectional differences expected returns, equity premium and risk exposures. The academic work in the context of emerging markets could have important implications not only for asset pricing mechanism and capital allocation decision by foreign investors but also for the domestic policymakers who are endeavouring to explore best policy prescription to integrate their economy with that of global market place for reaping the benefits of economic and financial globalization.

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