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Bekaert, Geert - 2003

to providing new insights on contagion during crisis periods, we document patterns through time in world and regional …

Persistent link: https://www.econbiz.de/10012469193

Dating the Integration of World Equity Markets

Bekaert, Geert - 1998

Measuring the integration of world capital markets is notoriously difficult. For example, regulatory changes which … equity market becomes financially integrated with world capital markets. We find endogenous break dates that are very … markets are on average larger and more liquid than before; returns are more volatile and more highly correlated with the world …

Persistent link: https://www.econbiz.de/10012472089

Fundamental Determinants of National Equity Market Returns : A Perspective on Conditional Asset Pricing

Ferson, Wayne E. - 1996

This paper provides a global asset pricing perspective on the debate over the relation between predetermined attributes of common stocks, such as ratios of price-to-book-value, cash-flow, earnings, and other variables to the future returns. Some argue that such variables may be used to find...

Persistent link: https://www.econbiz.de/10012472968

Time-Varying World Market Integration

Bekaert, Geert - 1994

-switching model, allows us to describe expected returns in countries that are segmented from world capital markets in one part of the …

Persistent link: https://www.econbiz.de/10012474072

What Determines Expected International Asset Returns?

Harvey, Campbell R. - 1994

expected return on the world market portfolio. However, the inclusion of this premium alone is not sufficient to explain the …

Persistent link: https://www.econbiz.de/10012474276

Economic, Financial, and Fundamental Global Risk In and Out of the EMU

Ferson, Wayne E. - 1999

We explore the different factors that drive expected returns in world markets. Our research offers two innovations …

Persistent link: https://www.econbiz.de/10012471840

The Dynamics of Emerging Market Equity Flows

Bekaert, Geert - 1999

We study the interrelationship between capital flows, returns, dividend yields and world interest rates in 20 emerging …

Persistent link: https://www.econbiz.de/10012471570

The Real Effects of Financial Constraints : Evidence from a Financial Crisis

Campello, Murillo - 2009

We survey 1,050 CFOs in the U.S., Europe, and Asia to assess whether their firms are credit constrained during the global credit crisis of 2008. We study whether corporate spending plans differ conditional on this measure of financial constraint. Our evidence indicates that constrained firms...

Persistent link: https://www.econbiz.de/10012463097

Financial Openness and Productivity

Bekaert, Geert - 2009

Financial openness is often associated with higher rates of economic growth. We show that the impact of openness on factor productivity growth is more important than the effect on capital growth. This explains why the growth effects of liberalization appear to be largely permanent, not...

Persistent link: https://www.econbiz.de/10012463805

What Segments Equity Markets?

Bekaert, Geert - 2009

We propose a new, valuation-based measure of world equity market segmentation. While we observe decreased levels of …

Persistent link: https://www.econbiz.de/10012463845