Matches in SemOpenAlex for { <https://semopenalex.org/work/W20088047> ?p ?o ?g. }
Showing items 1 to 72 of
72
with 100 items per page.
- W20088047 abstract "This study examines the intra-market stock price synchronicities of emerging markets and attempts to explain the phenomenon in terms of factors that characterize the market structure, the market's speculative trading behavior, and the degree of integration with the world market. Panel data are collected and computed for synchronicities and relevant measures. Our results suggest that firm-specific information, in comparison to market-level information, becomes less significant in terms of pricing stocks as the holding period is extended, perhaps due to lagged spillover effects among stocks, a pattern that is particularly evident in those markets experiencing high price synchronicities. It is also found that the hypothesis supported in previous studies that low-income economies experience higher price synchronicities no longer holds within the spectrum of emerging markets. Instead, stronger speculative behavior and a lower degree of integration with the world market lead to greater stock price synchronicity in a market. These results are consistent with the hypotheses that firm-level fundamentals are difficult to price in a speculative market where noise trades prevail and that a more segmented market attaches more weight to local-market-specific information relative to global information in terms of pricing. Finally, the stock price synchronicity in many markets varies asymmetrically with negative market conditions, suggesting that firm-level fundamentals become more difficult to be capitalized into stock prices when markets are bearish." @default.
- W20088047 created "2016-06-24" @default.
- W20088047 creator A5033594074 @default.
- W20088047 creator A5035676272 @default.
- W20088047 date "2003-01-01" @default.
- W20088047 modified "2023-09-25" @default.
- W20088047 title "Stock Price Synchronicities in Emerging Markets" @default.
- W20088047 cites W1513749760 @default.
- W20088047 cites W1975201751 @default.
- W20088047 cites W2002617706 @default.
- W20088047 cites W2007471708 @default.
- W20088047 cites W2045817470 @default.
- W20088047 cites W2076448703 @default.
- W20088047 cites W2081085020 @default.
- W20088047 cites W2098894951 @default.
- W20088047 cites W2111187892 @default.
- W20088047 cites W2173268511 @default.
- W20088047 cites W3022041122 @default.
- W20088047 cites W3022360661 @default.
- W20088047 cites W3123226880 @default.
- W20088047 cites W3123289511 @default.
- W20088047 cites W3124305668 @default.
- W20088047 cites W3124434809 @default.
- W20088047 cites W3124437711 @default.
- W20088047 cites W3126146309 @default.
- W20088047 cites W4253327337 @default.
- W20088047 cites W4300624574 @default.
- W20088047 doi "https://doi.org/10.2139/ssrn.407724" @default.
- W20088047 hasPublicationYear "2003" @default.
- W20088047 type Work @default.
- W20088047 sameAs 20088047 @default.
- W20088047 citedByCount "2" @default.
- W20088047 crossrefType "journal-article" @default.
- W20088047 hasAuthorship W20088047A5033594074 @default.
- W20088047 hasAuthorship W20088047A5035676272 @default.
- W20088047 hasConcept C10138342 @default.
- W20088047 hasConcept C106159729 @default.
- W20088047 hasConcept C121087249 @default.
- W20088047 hasConcept C127413603 @default.
- W20088047 hasConcept C144133560 @default.
- W20088047 hasConcept C162324750 @default.
- W20088047 hasConcept C204036174 @default.
- W20088047 hasConcept C556758197 @default.
- W20088047 hasConcept C73283319 @default.
- W20088047 hasConcept C78519656 @default.
- W20088047 hasConceptScore W20088047C10138342 @default.
- W20088047 hasConceptScore W20088047C106159729 @default.
- W20088047 hasConceptScore W20088047C121087249 @default.
- W20088047 hasConceptScore W20088047C127413603 @default.
- W20088047 hasConceptScore W20088047C144133560 @default.
- W20088047 hasConceptScore W20088047C162324750 @default.
- W20088047 hasConceptScore W20088047C204036174 @default.
- W20088047 hasConceptScore W20088047C556758197 @default.
- W20088047 hasConceptScore W20088047C73283319 @default.
- W20088047 hasConceptScore W20088047C78519656 @default.
- W20088047 hasLocation W200880471 @default.
- W20088047 hasOpenAccess W20088047 @default.
- W20088047 hasPrimaryLocation W200880471 @default.
- W20088047 hasRelatedWork W105489434 @default.
- W20088047 hasRelatedWork W1988513709 @default.
- W20088047 hasRelatedWork W2009839884 @default.
- W20088047 hasRelatedWork W2097956408 @default.
- W20088047 hasRelatedWork W2136634294 @default.
- W20088047 hasRelatedWork W2761990682 @default.
- W20088047 hasRelatedWork W2766816942 @default.
- W20088047 hasRelatedWork W3022284752 @default.
- W20088047 hasRelatedWork W3121773312 @default.
- W20088047 hasRelatedWork W3123203667 @default.
- W20088047 isParatext "false" @default.
- W20088047 isRetracted "false" @default.
- W20088047 magId "20088047" @default.
- W20088047 workType "article" @default.