Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The importance of trust distance on stock market correlation: Evidence from emerging economics
University West, School of Business, Economics and IT, Divison of Law, Economics, Statistics and Politics.
2019 (English)In: Borsa Istanbul Review, ISSN 2214-8450Article in journal (Refereed) Epub ahead of print
Abstract [en]

Several studies have shown that the level of trust between agents is a determinant of financial decisions. This paper studies this issue further by analyzing whether the trust distance between two countries can explain bilateral stock market correlations among emerging countries. One finding is that a smaller trust distance among nations is related to a higher stock market correlation. This effect seems to be more pronounced in active-trading countries than thin-trading countries. Finally, we confirm the effect of trust distance upon stock market correlations by excluding extreme observations. © 2019 The Author

Place, publisher, year, edition, pages
Borsa Istanbul Anonim Sirketi , 2019.
Keywords [en]
International financial markets, Stock market correlation, Trust distance
National Category
Economics
Research subject
SOCIAL SCIENCE, Economics
Identifiers
URN: urn:nbn:se:hv:diva-14710DOI: 10.1016/j.bir.2019.08.002Scopus ID: 2-s2.0-85073002939OAI: oai:DiVA.org:hv-14710DiVA, id: diva2:1370214
Available from: 2019-11-14 Created: 2019-11-14 Last updated: 2020-01-17Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records BETA

Liu, Yuna

Search in DiVA

By author/editor
Liu, Yuna
By organisation
Divison of Law, Economics, Statistics and Politics
Economics

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 9 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf