Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal
This paper investigates the process of asset pricing in stock markets of APEC countries while considering the impact of trading-bloc factor. Among the main findings were; firstly, the trading-bloc factor is significant and increases the explanatory power of the international asset pricing model; sec...
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| Format: | Article |
| Language: | English |
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Universiti Utara Malaysia
2007
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| Online Access: | https://repo.uum.edu.my/id/eprint/631/1/Hooy_Chee_Wooi.pdf |
| _version_ | 1803624162690859008 |
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| author | Hooy, Chee Wooi |
| author_facet | Hooy, Chee Wooi |
| author_sort | Hooy, Chee Wooi |
| collection | UUM |
| description | This paper investigates the process of asset pricing in stock markets of APEC countries while considering the impact of trading-bloc factor. Among the main findings were; firstly, the trading-bloc factor is significant and increases the explanatory power of the international asset pricing model; secondly, using APEC as a platform, we documented evidence that emerging markets are more sensitive to the trading-bloc factor, while integration towards the world market is more significant for developed markets and; thirdly, less significant cross-bloc pricing were found. In general, our research offers a possible
explanation to why emerging stock markets is generally segmented from the world market. We found significant evidence that they are more integrated with their trading bloc members. |
| first_indexed | 2024-07-04T05:14:00Z |
| format | Article |
| id | uum-631 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:14:00Z |
| publishDate | 2007 |
| publisher | Universiti Utara Malaysia |
| record_format | dspace |
| spelling | uum-6312010-09-29T10:02:35Z https://repo.uum.edu.my/id/eprint/631/ Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal Hooy, Chee Wooi HF Commerce This paper investigates the process of asset pricing in stock markets of APEC countries while considering the impact of trading-bloc factor. Among the main findings were; firstly, the trading-bloc factor is significant and increases the explanatory power of the international asset pricing model; secondly, using APEC as a platform, we documented evidence that emerging markets are more sensitive to the trading-bloc factor, while integration towards the world market is more significant for developed markets and; thirdly, less significant cross-bloc pricing were found. In general, our research offers a possible explanation to why emerging stock markets is generally segmented from the world market. We found significant evidence that they are more integrated with their trading bloc members. Universiti Utara Malaysia 2007 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/631/1/Hooy_Chee_Wooi.pdf Hooy, Chee Wooi (2007) Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal. International Journal of Management Studies (IJMS), 14 (2). pp. 127-142. ISSN 0127-8983 http://ijms.uum.edu.my |
| spellingShingle | HF Commerce Hooy, Chee Wooi Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal |
| title | Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal |
| title_full | Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal |
| title_fullStr | Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal |
| title_full_unstemmed | Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal |
| title_short | Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal |
| title_sort | integrasi pasaran pasaran saham di rantau apec satu kajian empirikal |
| topic | HF Commerce |
| url | https://repo.uum.edu.my/id/eprint/631/1/Hooy_Chee_Wooi.pdf |
| work_keys_str_mv | AT hooycheewooi integrasipasaranpasaransahamdirantauapecsatukajianempirikal |