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Institutions, economic openness and stock return co-movements: An empirical investigation in emerging markets

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  • Nguyen, Canh Phuc
  • Nguyen, Thai Vu Hong
  • Schinckus, Christophe

Abstract

•Institutions have positive impacts on stock return co-movement in emerging markets.•Economic openness combined with institutions reduces stock return co-movement.•Market with better institutions offer more opportunities for diversification.

Suggested Citation

  • Nguyen, Canh Phuc & Nguyen, Thai Vu Hong & Schinckus, Christophe, 2019. "Institutions, economic openness and stock return co-movements: An empirical investigation in emerging markets," Finance Research Letters, Elsevier, vol. 28(C), pages 137-147.
    • Handle: RePEc:eee:finlet:v:28:y:2019:i:c:p:137-147
    DOI: 10.1016/j.frl.2018.04.010
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