A new approach for estimating relationships between stock market returns: Evidence of financial integration in the Southeast Asian region

Brailsford, T. J., O'Neill, T. J. and Penm, J. (2008). A new approach for estimating relationships between stock market returns: Evidence of financial integration in the Southeast Asian region. In Kim. S. and McKenzie, M. (Ed.), Asia-Pacific Financial Markets: Integration, Innovation and Challenges. International Finance Review. Volume 8 (pp. 17-37) Amsterdam, The Netherlands: Elsevier JAI. doi:10.1016/S1569-3767(07)00002-7


Author Brailsford, T. J.
O'Neill, T. J.
Penm, J.
Title of chapter A new approach for estimating relationships between stock market returns: Evidence of financial integration in the Southeast Asian region
Title of book Asia-Pacific Financial Markets: Integration, Innovation and Challenges. International Finance Review. Volume 8
Place of Publication Amsterdam, The Netherlands
Publisher Elsevier JAI
Publication Year 2008
Sub-type Critical review of research, literature review, critical commentary
DOI 10.1016/S1569-3767(07)00002-7
Open Access Status
Year available 2008
Series International Finance Review
ISBN 978-0-7623-1471-3
Editor Kim. S.
McKenzie, M.
Volume number 7
Chapter number 2
Start page 17
End page 37
Total pages 21
Total chapters 23
Language eng
Subjects B1
140302 Econometric and Statistical Methods
150201 Finance
150202 Financial Econometrics
900101 Finance Services
910399 International Trade not elsewhere classified
Abstract/Summary In this chapter we use a new data weighting process to examine the relationships between stock market returns in major Southeast Asian nations. Investigation is then directed to financial integration between those ASEAN countries and the larger Asia-Pacific region. The findings indicate that, after the Asian financial crisis, financial integration has continued in most ASEAN countries and between ASEAN countries and the larger Asia-Pacific region. Such effects can be accounted for by the forgetting factor technique. This new technique will provide revenue managers with a decision-making tool to evaluate some complex underlying relationships which managers cannot comprehend prima facie.
Q-Index Code B1
Q-Index Status Confirmed Code

 
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Created: Tue, 24 Mar 2009, 22:10:06 EST by Karen Morgan on behalf of UQ Business School