Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 庄太量教授 (经济学系) |
全文
| 数位物件识别号 (DOI) ○○@http://aims.cuhk.edu.hk/converis/portal/Publication/2$@○○ |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/2WOS source URL
其它资讯
摘要The last decade has witnessed a marked improvement in information technology. Such an improvement has reduced the information cost for market participants. Thus, whether the influence of geographic factors on international financial linkage is still significant nowadays is an important question yet to be addressed. This article develops a gravity model of international financial linkages. Using the panel data of bilateral cross-country stock market correlations of http://aims.cuhk.edu.hk/converis/portal/Publication/23 countries, it is found that the correlations are negatively associated with the Great Circular Distance (GCD) between the financial centres of these countries and positively associated with the duration of overlapping trading hours among stock exchanges and the colonial links between countries. However, whether the countries share a common border or language does not affect the stock market correlations.
着者Chong TTL, Wong WK, Zhang J
期刊名称APPLIED ECONOMICS LETTERS
出版年份http://aims.cuhk.edu.hk/converis/portal/Publication/2011
月份9
日期1
卷号18
期次13-15
出版社ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
页次1315 - 1319
国际标準期刊号1350-4851
电子国际标準期刊号1466-4http://aims.cuhk.edu.hk/converis/portal/Publication/291
语言英式英语
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
