A Different View on ASEAN Capital Market Integration
Capital market integration has become an interesting research topic nowadays. Many studies have tried to explain this phenomenon using various methods. Here, we used sophisticated methods to explain capital market integration. This study aims to scrutinize the Association of Southeast Asian Nations...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-10-01
|
| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/9/4/141 |
| _version_ | 1797505306705526784 |
|---|---|
| author | Robiyanto Robiyanto Budi Frensidy Ignatius Roni Setyawan Andrian Dolfriandra Huruta |
| author_facet | Robiyanto Robiyanto Budi Frensidy Ignatius Roni Setyawan Andrian Dolfriandra Huruta |
| author_sort | Robiyanto Robiyanto |
| collection | DOAJ |
| description | Capital market integration has become an interesting research topic nowadays. Many studies have tried to explain this phenomenon using various methods. Here, we used sophisticated methods to explain capital market integration. This study aims to scrutinize the Association of Southeast Asian Nations (ASEAN) capital market integration. This study hopefully can enrich the different views regarding the capital market integration and fill the gap left by previous studies. The data used were the stock price index of the monthly closing data of the capital markets in ASEAN countries during the period of January 1999 to December 2020, obtained from Bloomberg and the Indonesia Stock Exchange. Data in this study were analyzed using the wavelet method. The results indicate that there is a long-term integration in the capital markets of ASEAN countries, and the highest level of integration was in the period during and about a year after the global crisis. Using the spectrum analysis, the results show that during period from 2008 to 2010, the level of integration reached its highest level. |
| first_indexed | 2024-03-10T04:16:44Z |
| format | Article |
| id | doaj.art-25bd1333e67f4e74a96da70b1a690316 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-10T04:16:44Z |
| publishDate | 2021-10-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-25bd1333e67f4e74a96da70b1a6903162023-11-23T07:58:31ZengMDPI AGEconomies2227-70992021-10-019414110.3390/economies9040141A Different View on ASEAN Capital Market IntegrationRobiyanto Robiyanto0Budi Frensidy1Ignatius Roni Setyawan2Andrian Dolfriandra Huruta3Faculty of Economics and Business, Satya Wacana Christian University, Salatiga 50711, IndonesiaFaculty of Economics and Business, Universitas Indonesia, Depok 16424, IndonesiaFaculty of Economics and Business, Tarumanagara University, Jakarta 11440, IndonesiaFaculty of Economics and Business, Satya Wacana Christian University, Salatiga 50711, IndonesiaCapital market integration has become an interesting research topic nowadays. Many studies have tried to explain this phenomenon using various methods. Here, we used sophisticated methods to explain capital market integration. This study aims to scrutinize the Association of Southeast Asian Nations (ASEAN) capital market integration. This study hopefully can enrich the different views regarding the capital market integration and fill the gap left by previous studies. The data used were the stock price index of the monthly closing data of the capital markets in ASEAN countries during the period of January 1999 to December 2020, obtained from Bloomberg and the Indonesia Stock Exchange. Data in this study were analyzed using the wavelet method. The results indicate that there is a long-term integration in the capital markets of ASEAN countries, and the highest level of integration was in the period during and about a year after the global crisis. Using the spectrum analysis, the results show that during period from 2008 to 2010, the level of integration reached its highest level.https://www.mdpi.com/2227-7099/9/4/141wavelet analysisintegration vs. segmentationspectrum analysisASEAN capital marketsIndonesia Stock Exchange |
| spellingShingle | Robiyanto Robiyanto Budi Frensidy Ignatius Roni Setyawan Andrian Dolfriandra Huruta A Different View on ASEAN Capital Market Integration Economies wavelet analysis integration vs. segmentation spectrum analysis ASEAN capital markets Indonesia Stock Exchange |
| title | A Different View on ASEAN Capital Market Integration |
| title_full | A Different View on ASEAN Capital Market Integration |
| title_fullStr | A Different View on ASEAN Capital Market Integration |
| title_full_unstemmed | A Different View on ASEAN Capital Market Integration |
| title_short | A Different View on ASEAN Capital Market Integration |
| title_sort | different view on asean capital market integration |
| topic | wavelet analysis integration vs. segmentation spectrum analysis ASEAN capital markets Indonesia Stock Exchange |
| url | https://www.mdpi.com/2227-7099/9/4/141 |
| work_keys_str_mv | AT robiyantorobiyanto adifferentviewonaseancapitalmarketintegration AT budifrensidy adifferentviewonaseancapitalmarketintegration AT ignatiusronisetyawan adifferentviewonaseancapitalmarketintegration AT andriandolfriandrahuruta adifferentviewonaseancapitalmarketintegration AT robiyantorobiyanto differentviewonaseancapitalmarketintegration AT budifrensidy differentviewonaseancapitalmarketintegration AT ignatiusronisetyawan differentviewonaseancapitalmarketintegration AT andriandolfriandrahuruta differentviewonaseancapitalmarketintegration |