A global network of stock markets and home bias puzzle

This article shows empirically that Nasdaq's termination of Japanese operation adversely affected the shareholder wealth of companies listed on the Nasdaq Japan stock market. The evidence suggests that integration of world stock markets as envisioned by Nasdaq could have facilitated foreigners' investment in domestic stocks, thereby reducing the home bias.

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Year of publication:	2007
Authors:	Konishi, Masaru
Published in:	Applied Financial Economics Letters. - Taylor and Francis Journals, ISSN 1744-6546. - Vol. 3.2007, 3, p. 197-199
Publisher:	Taylor and Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004988334