লোডিং...
Are Indian and US Stock Markets Efficient and Integrated?
The present research work is conducted to examine the informational efficiency and integration simultaneously for Indian and US stock markets. Daily stock market data for stock markets covering the period of more than eleven years (from 01/04/1999 to 30/06/2010) is tested using Run test, Unit Root (...
| প্রধান লেখক: | |
|---|---|
| বিন্যাস: | Journal Article |
| প্রকাশিত: |
Abhigyan
2012
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| বিষয়গুলি: |
| LEADER | 01211nam a22001337a 4500 | ||
|---|---|---|---|
| 999 | |c 119830 |d 119830 | ||
| 100 | |a Neha Seth |9 46770 | ||
| 245 | |a Are Indian and US Stock Markets Efficient and Integrated? | ||
| 260 | |b Abhigyan |c 2012 | ||
| 300 | |b Vol 29 No. 4 (January – March 2012) | ||
| 520 | |a The present research work is conducted to examine the informational efficiency and integration simultaneously for Indian and US stock markets. Daily stock market data for stock markets covering the period of more than eleven years (from 01/04/1999 to 30/06/2010) is tested using Run test, Unit Root (ADF and PP) test, Pearson Correlation Coefficient, Granger Causality test and Johansen’s Cointegration test. It can be concluded from the empirical results that the markets under study are inefficient in weak form which creates the chances of earning abnormal returns for the investors. Furthermore, the markets are found to be correlated and integrated in long run, which makes the international fund diversification insignificant. JEL Classification: G 10, G 14, G 15 | ||
| 650 | |a STOCK MARKET INTEGRATION; |a INVESTORS |9 46771 | ||
| 942 | |c JA | ||
| 952 | |0 0 |1 0 |4 0 |7 0 |9 116586 |a MGUL |b MGUL |c JA |d 2016-11-28 |l 0 |r 2016-11-28 |w 2016-11-28 |y JA | ||