The emergence of new equity markets in Europe, Latin America, Asia, the Mideast and
Africa provides a new menu of opportunities for investors. These markets exhibit high …

Interactions are investigated between exchange rates and stock prices in the emerging
financial markets of India, Korea, Pakistan and the Philippines. The motivation is to establish …

Emerging markets have long posed a challenge for finance. Standard models are often ill
suited to deal with the specific circumstances arising in these markets. However, the interest …

This article develops a return-based measure of market integration for nineteen emerging
equity markets. It then examines the relation between that measure, other return …

Emerging stock markets have been identified as being at least partially segmented from
global capital markets. As a consequence, it has been argued that local factors rather than …

I test whether corporate governance is ineffective in emerging markets by estimating the link
between CEO turnover and firm performance for over 1,200 firms in eight emerging markets …

We study a new class of unconditional and conditional mean‐variance spanning tests that
exploits the duality between Hansen‐Jagannathan bounds (1991) and mean‐standard …

This paper examines the short-and long-term relationships between the US stock market
and three Central European markets. Low short-term correlations between these markets …

In recent decades, interconnections between countries have increased substantially
worldwide as the process of integration and globalisation intensifies, with a positive impact …

The low correlation between returns in emerging equity markets and industrial equity
markets implies that the global investor would benefit from diversification in emerging …