A business with interests in more than one sector of the economy can be run as a single company with multiple divisions as a conglomerate or with several independently run companies as a conglomerate. In India, conglomerates are large and diverse family-owned businesses. The firms affiliated to...

This study investigates the contagion effects of the 2007-2009 global financial crisis across multiple asset markets and different regions. It uses daily return data of six asset classes: stocks, bonds, commodities, shipping, foreign exchange and real estate. A robust analysis of financial...

This paper investigates financial contagion in a multivariate time-varying asymmetric framework, focusing on four emerging equity markets, namely Brazil, Russia, India, China (BRIC) and two developed markets (U.S. and U.K.), during five recent financial crises. Specifically, both a multivariate...

This paper investigates whether cointegration and causality relationships exist among the stock markets of the PIIGS countries (Portugal, Italy, Ireland, Greece and Spain) during the period 2005-2011. To accomplish our objective, we divide the sample period into two sub-periods (1 February...

This paper empirically investigates the contagion effects of the Global Financial Crisis (2007-2009) from the financial sector to the real economy by examining nine sectors of US and developed European region. We provide a regional analysis by testing stock market contagion on the aggregate...