The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis
The aim of this paper is to empirically examine the effect of contagion from the United States stock market on stock market development in ASEAN-5 countries. By using data from 1990-2014, Seemingly Unrelated Regression estimation results show that the contagion effect from the United States was disp...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Allied Business Academies
2018
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/25442/1/AAFSJ%2022%204%202018%201%207.pdf |
| _version_ | 1803628933849022464 |
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| author | Mat Yusoff, Mohd Yushairi Hassan, Sallahuddin |
| author_facet | Mat Yusoff, Mohd Yushairi Hassan, Sallahuddin |
| author_sort | Mat Yusoff, Mohd Yushairi |
| collection | UUM |
| description | The aim of this paper is to empirically examine the effect of contagion from the United States stock market on stock market development in ASEAN-5 countries. By using data from 1990-2014, Seemingly Unrelated Regression estimation results show that the contagion effect from the United States was displayed by considering interaction term which also support
Thornton’s Contagion Theory. Thus, prudential initiatives such as government support, trading supervision, trade openness and the inspiration towards an integrated stock market are recommended. |
| first_indexed | 2024-07-04T06:29:50Z |
| format | Article |
| id | uum-25442 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:29:50Z |
| publishDate | 2018 |
| publisher | Allied Business Academies |
| record_format | dspace |
| spelling | uum-254422019-01-16T01:26:58Z https://repo.uum.edu.my/id/eprint/25442/ The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis Mat Yusoff, Mohd Yushairi Hassan, Sallahuddin HC Economic History and Conditions The aim of this paper is to empirically examine the effect of contagion from the United States stock market on stock market development in ASEAN-5 countries. By using data from 1990-2014, Seemingly Unrelated Regression estimation results show that the contagion effect from the United States was displayed by considering interaction term which also support Thornton’s Contagion Theory. Thus, prudential initiatives such as government support, trading supervision, trade openness and the inspiration towards an integrated stock market are recommended. Allied Business Academies 2018 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/25442/1/AAFSJ%2022%204%202018%201%207.pdf Mat Yusoff, Mohd Yushairi and Hassan, Sallahuddin (2018) The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis. Academy of Accounting and Financial Studies Journal, 22 (4). pp. 1-7. ISSN 1528-2635-22-4-251 https://www.abacademies.org/articles/the-effect-of-contagion-on-stock-market-development-in-the-asean5-a-seemingly-unrelated-regression-analysis-7402.html |
| spellingShingle | HC Economic History and Conditions Mat Yusoff, Mohd Yushairi Hassan, Sallahuddin The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis |
| title | The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis |
| title_full | The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis |
| title_fullStr | The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis |
| title_full_unstemmed | The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis |
| title_short | The effect of contagion on stock market development in the Asean 5: A seemingly unrelated regression analysis |
| title_sort | effect of contagion on stock market development in the asean 5 a seemingly unrelated regression analysis |
| topic | HC Economic History and Conditions |
| url | https://repo.uum.edu.my/id/eprint/25442/1/AAFSJ%2022%204%202018%201%207.pdf |
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