The Significance of Distance Between Stock Exchanges Undergoing the Process of Convergence: an Analysis of Selected World Stock Exchanges During the Period of 2004–2012 | Zendy

Elżbieta Szulc | Zendy; Dagna Wleklińska | Zendy; K. Górna | Zendy; Joanna Górna | Zendy

Open Access

The Significance of Distance Between Stock Exchanges Undergoing the Process of Convergence: an Analysis of Selected World Stock Exchanges During the Period of 2004–2012

Author(s) -

Elżbieta Szulc,

Dagna Wleklińska,

K. Górna,

Joanna Górna

Publication year - 2015

Publication title -

dynamic econometric models

Language(s) - English

Resource type - Journals

eISSN - 2450-7067

pISSN - 1234-3862

DOI - 10.12775/dem.2014.007

Subject(s) - stock exchange , stock (firearms) , financial economics , econometrics , stock market , economic geography , economics , convergence (economics) , business , context (archaeology) , geography , finance , macroeconomics , archaeology

The paper concerns the convergence of selected world stock exchanges from the point of view of their development in the context of geographical and economic distance between them. It presents the methodological approach which points up the necessity of taking into account spatial and economic connections among stock markets in convergence analyses. The research includes 46 largest trading floors analyzed in the period of 2004–2012. The empirical data refer to six diagnostic variables acknowledged as the important determinants of the development of stock markets.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research