ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis

The objective of this paper is to study the relationship of the stock markets in the Association ofSoutheast Asian Nations (ASEAN-5) countries. In other words, it is to access the ASEAN-5 stock market integration or the long run relationship among the markets. The study of the integration is separat...

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Main Author:	Huang, David Tiong Ung
Format:	Thesis
Language:	English
Published:	2012
Subjects:	HC Economic History and Conditions
Online Access:	http://ir.unimas.my/id/eprint/9057/1/David.pdf
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id	my-unimas-ir.9057
record_format	uketd_dc
spelling	my-unimas-ir.90572023-05-02T07:55:27Z ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis 2012 Huang, David Tiong Ung HC Economic History and Conditions The objective of this paper is to study the relationship of the stock markets in the Association ofSoutheast Asian Nations (ASEAN-5) countries. In other words, it is to access the ASEAN-5 stock market integration or the long run relationship among the markets. The study of the integration is separate to two parts, which is Pre Asian 1997 Financial Crisis and Post Asian 1997 Financial Crisis. The rationale of this study is to determine whether the investor can have more benefit through international portfolio diversification within the region during pre-crisis and post-cris~The empirical results suggest that the five stock markets are only co integrated after crisis but not in pre-crisis. Investor from outside the region can be benefited by the cointegration because the cost of investing is reduced and the liquidity speed is improved. Although the stock markets are integrated, but integration is not fully complete. Therefore, the investor inside the region is still can have the benefit from the international portfolio diversification. Universiti Malaysia Sarawak, (UNIMAS) 2012 Thesis http://ir.unimas.my/id/eprint/9057/ http://ir.unimas.my/id/eprint/9057/1/David.pdf text en validuser masters Universiti Malaysia Sarawak, (UNIMAS) Faculty of Economics and Business
institution	Universiti Malaysia Sarawak
collection	UNIMAS Institutional Repository
language	English
topic	HC Economic History and Conditions
spellingShingle	HC Economic History and Conditions Huang, David Tiong Ung ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis
description	The objective of this paper is to study the relationship of the stock markets in the Association ofSoutheast Asian Nations (ASEAN-5) countries. In other words, it is to access the ASEAN-5 stock market integration or the long run relationship among the markets. The study of the integration is separate to two parts, which is Pre Asian 1997 Financial Crisis and Post Asian 1997 Financial Crisis. The rationale of this study is to determine whether the investor can have more benefit through international portfolio diversification within the region during pre-crisis and post-cris~The empirical results suggest that the five stock markets are only co integrated after crisis but not in pre-crisis. Investor from outside the region can be benefited by the cointegration because the cost of investing is reduced and the liquidity speed is improved. Although the stock markets are integrated, but integration is not fully complete. Therefore, the investor inside the region is still can have the benefit from the international portfolio diversification.
format	Thesis
qualification_level	Master's degree
author	Huang, David Tiong Ung
author_facet	Huang, David Tiong Ung
author_sort	Huang, David Tiong Ung
title	ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis
title_short	ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis
title_full	ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis
title_fullStr	ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis
title_full_unstemmed	ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis
title_sort	asean-5 countries stock market integration : pre and post asian 1997 financial crisis
granting_institution	Universiti Malaysia Sarawak, (UNIMAS)
granting_department	Faculty of Economics and Business
publishDate	2012
url	http://ir.unimas.my/id/eprint/9057/1/David.pdf
_version_	1783728021520252928

ASEAN-5 countries stock market integration : Pre and post Asian 1997 Financial crisis

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