Global Share Market Integration and Diversification: A Study of Asian Emerging Market

Asian Economic and Financial Review

关键词: Emerging market market integration portfolio diversification;   

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

This study attempts to look at emerging markets as an alternative for international diversification. This study examines if equity investors from Asian Emerging Markets are able to gain diversification benefit by investing in the equity markets of other Asian Emerging Markets. An assessment of market integration is made using a cross country correlation analysis and a Johansen co integration test. The results indicate that Asian Emerging Markets are moving towards integration as well. Therefore, this study concludes that diversification among Asian Emerging Markets is no longer a viable option in the long run.

【 授权许可】

CC BY