Akdogan, H.2016-02-082016-02-0819920165-1765http://hdl.handle.net/11693/26151Regional (EC) capital market integration is examined by monitoring the behavior of systematic risk vis-à-vis a single index time series return generating model. Evidence supports that the EC markets for securities have gradually become more integrated and that the capital controls are important sources of segmentation.EnglishArticle10.1016/0165-1765(92)90292-7