Gajurel, Dinesh; Chawla, Akhila - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-18
Bangladesh and Nepal, in contrast, lack both global and regional integration. We find limited evidence of neighborhood (India …) spillover effect on other markets in the sample. The stock markets of Bangladesh, India and Pakistan stock markets exhibit … largest neighboring (India) equity markets as sources of information spillover. Our results show that equity returns in all …