Purpose – The purpose of this paper is to assess whether Islamic banks are transparent regarding profit (and loss) sharing to investment account holders. Another objective is to appraise whether Islamic banks' performance affects management incentives to distribute profit (and loss) to...

Past research considered effects of trade or trade agreements on equity market linkages across countries. We investigate the impact of NAFTA on U.S., Canadian, and Mexican equity market linkages from December 1988 to July 2006. We employ a dynamic conditional correlation model to the stock...

This paper examines to what extent the Latin American equity markets of Argentina, Brazil, Chile and Mexico have become more integrated with the US equity market. We empirically measure integration by finding the dynamic conditional correlation (DCC) between each market and that in the U.S....