International Journal of Management and Applied Science (IJMAS)
current issues
Volume-4,Issue-10  ( Oct, 2018 )
Past issues
  1. Volume-4,Issue-10  ( Oct, 2018 )
  2. Volume-4,Issue-9  ( Sep, 2018 )
  3. Volume-4,Issue-8  ( Aug, 2018 )
  4. Volume-4,Issue-7  ( Jul, 2018 )
  5. Volume-4,Issue-6  ( Jun, 2018 )
  6. Volume-4,Issue-5  ( May, 2018 )
  7. Volume-4,Issue-4  ( Apr, 2018 )
  8. Volume-4,Issue-3  ( Mar, 2018 )
  9. Volume-4,Issue-2  ( Feb, 2018 )
  10. Volume-4,Issue-1  ( Jan, 2018 )

Statistics report
Jan. 2019
Submitted Papers : 80
Accepted Papers : 10
Rejected Papers : 70
Acc. Perc : 12%
Issue Published : 56
Paper Published : 3637
No. of Authors : 7479
  Journal Paper




Paper Title :
Does Stock Market Consolidation Drive Stock Market Integration? Evidence in Worldwide Perspective

Author :Boondhiva Cheewatragoongit

Article Citation :Boondhiva Cheewatragoongit , (2018 ) " Does Stock Market Consolidation Drive Stock Market Integration? Evidence in Worldwide Perspective " , International Journal of Management and Applied Science (IJMAS) , pp. 65-67, Volume-4,Issue-10

Abstract : This paper examines the impact of stock market consolidation on the degree of stock market integration using 20 stock markets in 19 countries that went under six stock market consolidations during the year 2000-2016. First, I apply the bivariate DCC-MGARCH model to measure the dynamic conditional correlation between the stock markets within the consolidation group. Then, the panel fix effect model is used to investigate the determinant of the stock market integration. The result suggests that the stock market consolidation, US financial Crisis and EU debt Crisis significantly increase the stock market integration while the market development differential, dividend yield differential and inflation differential significantly decrease the stock market integration. Keywords- Stock Market Consolidation; Stock Market Integration; DCC-MGARCH model

Type : Research paper

Indexed : Google Scholar


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