The present work analyzes the effects of goods and capital market integration on welfare. In an imperfectly competitive … company and undertaking Greenfield Foreign Direct Investment (FDI) exemplify product and capital market liberalization …

results confirm an interplay between a modern portfolio theory, Efficient Market Hypothesis (EMH), contract theory, and … for ASEAN Economic Community (AEC) development. Utilizing samples of market and financial panel data from 2009 to 2015 … five ASEAN countries to measure the different levels of Islamic capital market integration, this study suggests that the …

We examine prominent market anomalies and evaluate the efficacy of alternative asset pricing models under different …

-term relationship representing the market speed ratio between two markets plays a key role in contagion dynamics. When a long …-term relationship or correlatedness is broken (comovement change) due to a break in the short-term relationship (market speed ratio ….S. stock market during the global financial crisis between 2007 and 2009 using 22 developed equity markets. …

Heterogeneous beliefs among market participants can lead to questionable speculative trading that goes beyond any risk …-sharing motives. We demonstrate that such unwarranted betting behavior in market equilibrium can be mitigated by introducing nonlinear …

The paper presents a two-period Walrasian financial market model composed of informed and uninformed rational investors … assets to stabilize the market price. It is found that the intervention makes the risky asset's market price per share less … sensitive to information shocks, which presses the market price towards its average price thus reducing price variance. The …

We investigate how risk aversion (RA) shapes the informative content of prices in an experimental asset market, where …