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The finance literature extensively documents the abnormal positive returns of unseasoned initial public offerings (IPOs) in the early trading. Neuberger and LaChapelle (1983), McDonald and Fisher (1972), Neuberger and Hammond (1974), Reilly (1977), Logue (1973), Ibbotson (1975), Ibbotson and...
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research on the links between various types of assets/currencies. Uses cointegration methodologies on 1978‐1996 futures data …
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of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … more financially integrated than other regions. Asia, more interestingly, already seems to have made more progress on this … sample suggest that one factor holding back investment in foreign bonds in East Asia may be limited geographical …
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Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of …€œnoise†in stock pricing, which suggests that improvements in the regulation of securities markets in Asia could enhance the role …
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