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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2012
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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 |