perspectives of stability, profitability, operational efficiency, dividend policy and capital growth rate. The results of the study … than commercial banks, while the dividend ratio is lower, which are very consistent results with previous studies. However …

examines whether investing in high-yield stocks is effective in the Korean market. Based on the dividend yield that is … estimated as ratio of the previous year's dividend to the stock price at the end of September, each year top 20 high … the difference between the theoretical price drop and actual pr e changes around the ex-dividend day, the average excess …

results show that arbitrage opportunities played a more important role in the pre-crisis period (2004-07), while risk factors … decreased after the crisis, which implies that the influence of variables other than arbitrage opportunities and risk factors …

exchange rate regime. In the case of foreign shocks such as hike of world interest rates, the flexible exchange rate regime …

English Abstract: This study examines the degree of capital market integration among major stock markets in the world … variation. However this observation does not necessarily imply that the degree of integration of world capital markets is low …, because business fundamentals tend to differ across countries to a similar or greater extent. Our results suggest that world …