IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v85y2025ipcs1544612325012139.html

Globalization and stock market efficiency

Author

Listed:
  • Acikgoz, Turker

Abstract

This study investigates the impact of globalization and its sub-dimensions on stock market efficiency across emerging and advanced economies. By using the Market Efficiency Index derived from multifractal detrended fluctuation analysis (MF-DFA), the findings reveal that globalization significantly reduces market efficiency, particularly in emerging markets. Economic, political, and social-related globalization dimensions are identified as key drivers of inefficiency. In contrast, advanced markets appear largely unaffected by globalization forces. The results provide important implications for policymakers and investors regarding the integration of financial markets into the global economy.

Suggested Citation

  • Acikgoz, Turker, 2025. "Globalization and stock market efficiency," Finance Research Letters, Elsevier, vol. 85(PC).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pc:s1544612325012139
    DOI: 10.1016/j.frl.2025.107955
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325012139
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.107955?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:85:y:2025:i:pc:s1544612325012139. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.