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- W1592282278 abstract "This paper studies the impact of market opening on stock market behavior. Taiwan opened its stock market in January 1, 1991. Using stock market data from Taiwan for both before and after the opening event, we found that while there is no significant changes in the stock mean returns, volatility is significantly reduced three months after Taiwan opened its stock market. As a result, the market efficiency, as measured by the Sharpe ratio, significantly increases three months after the opening event." @default.
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- W1592282278 date "2002-01-01" @default.
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- W1592282278 title "Market Opening and Stock Market Behavior: Taiwan's Experience" @default.
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