Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/60923
題名: | A New Revisit Evidence of Stock Markets` Interrelationships in the Greater China | 作者: | Lin,Chu-Chia;Fang,Chung-rou;Cheng,Hui-Pei | 貢獻者: | 政大經濟系 | 關鍵詞: | China Stock Market;Greater China;Financial Integration;Global Financial Crisis | 日期: | Sep-2011 | 上傳時間: | 16-Sep-2013 | 摘要: | This paper investigates the recent stock markets’ interrelationships in Greater China (China, Hong Kong, and Taiwan). The main goal is to use more detailed and new daily stock market data from 2005/7 to 2010/5 to offer valuable and complementary insights on financial integration among these economies. From the empirical analysis, we found that China’s stock market has a positive impact on the other Greater China economies, but the reverse is not true. In addition, Hong Kong’s stock market also has a significantly positive impact on Taiwan, but not on China, and the impact of Hong Kong on Taiwan is larger than that of China on Taiwan. This result is consistent with the previous empirical findings that the segmented and integrated China stock market is mixed, and this result implies that the China stock market is still “partially integrated” with the other Greater China stock markets after the 2008 global financial crisis. | 關聯: | Modern Economy, 2011(2), 561-568 | 資料類型: | article | DOI: | http://dx.doi.org/10.4236/me.2011.24062 |
Appears in Collections: | 期刊論文 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
561568.pdf | 108.95 kB | Adobe PDF2 | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.