Eun, Cheol S.; Lee, Jinsoo - In: Journal of Banking & Finance 34 (2010) 4, pp. 856-870
In this paper, we show (i) that the risk-return characteristics of our sample of 17 developed stock markets of the world have converged significantly toward each other during our study period 1974-2007, and (ii) that this international convergence in risk-return characteristics is driven mainly...
