Valadkhani, Abbas; Chancharat, Surachai; Harvie, Charles - In: Studies in Economics and Finance 25 (2008) June, pp. 165-174
Purpose – The purpose of this paper is to investigate the relationships between stock market returns of 13 countries based upon monthly data spanning December 1987 to April 2007. Design/methodology/approach – Specifically, the principal component (PC) and maximum likelihood (ML) methods are...
