This paper provides some empirical evidence on the relationship between the volatility and quot;opennessquot; of emerging stock markets (ESMs). The primary null hypothesis of this research is that volatility is not correlated with openness. The study uses a factor analysis to condense the number...

This paper provides some empirical evidence on the relationship between the volatility and quot;opennessquot; of emerging stock markets (ESMs). The primary null hypothesis of this research is that volatility is not correlated with openness. The study uses a factor analysis to condense the number...

Ever since the inception of betas as a measure of systematic risk, the forecast error in relation to this parameter has been a major concern to both academics and practitioners in finance. In order to reduce forecast error, this paper compares a series of competing models to forecast beta....

This study uses international asset pricing models to investigate the link between the quality of government institutions and the performance of global stock markets. The results demonstrate a significant positive association between stock market performance measures and the quality of the...

This paper examines the relationship between international capital flows and the opacity of recipient countries. We use Price Waterhouse Coopers (PWC) (2001) opacity index for the year 2000 and investigate its influence on three types of net international capital flows: foreign direct...

This study examines the relationship between financial market segmentation and political risk. Financial economists have attributed market segmentation to factors such as foreign exchange risk, taxes, tariffs and capital controls whereas the influence of political risk has been largely ignored....

This study examines the relationship between financial market segmentation and political risk. Financial economists have attributed market segmentation to factors such as foreign exchange risk, taxes, tariffs and capital controls whereas the influence of political risk has been largely ignored....

This paper examines the trend towards regionalism upon stock market returns in Latin America. Average correlations with other countries in the region and with the world suggest that the Latin American stock markets have become more regionally integrated over the study period. This finding...