Short- and long-term links among European and US stock markets
| buir.advisor | Yüce, Ayşe | |
| dc.contributor.author | Gerrits, Robert-Jan | |
| dc.date.accessioned | 2016-01-08T20:12:37Z | |
| dc.date.available | 2016-01-08T20:12:37Z | |
| dc.date.issued | 1995 | |
| dc.department | Department of Management | en_US |
| dc.description | Ankara : The Department of Management and Graduate School of Business Administration of Bilkent Univ., 1995. | en_US |
| dc.description | Thesis (Master's) -- Bilkent University, 1995. | en_US |
| dc.description | Includes bibliographical references leaves 29-31. | en_US |
| dc.description.abstract | Recently, national economies are becoming more internationalized because of increased trade and more cooperation between national governments to remove the barriers to free flow of goods, services, and financial, physical and human capital. The relationship between equity markets in various countries have been extensively examined in the literature. This study tests the interdependence between stock prices in Germany, the UK, the Netherlands and the US, using daily closing prices for the period between March 1990 and October 1994. Results of the tests showed that the US exerts a significant impact on the European markets. Moreover, the three European markets influence each other in the short- and long-run. This result implies that these markets move together. Therefore, diversification among those national stock markets will not greatly reduce the portfolio risk without sacrificing expected return. | en_US |
| dc.description.degree | M.B.A | en_US |
| dc.description.statementofresponsibility | Gerrits, Robert-Jan | en_US |
| dc.format.extent | 39 leaves, tables | en_US |
| dc.identifier.itemid | BILKUTUPB053838 | |
| dc.identifier.uri | http://hdl.handle.net/11693/17692 | |
| dc.language.iso | English | en_US |
| dc.publisher | Bilkent University | en_US |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject.lcc | HG3851 .G47 1995 | en_US |
| dc.subject.lcsh | Foreign exchange. | en_US |
| dc.subject.lcsh | Stock exchange--Europe. | en_US |
| dc.subject.lcsh | Stock exchange--United States. | en_US |
| dc.subject.lcsh | International finance. | en_US |
| dc.subject.lcsh | Capital market. | en_US |
| dc.title | Short- and long-term links among European and US stock markets | en_US |
| dc.type | Thesis | en_US |
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