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Literature review of stock market integration: a global perspective

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  • Anil Sharma
  • Neha Seth

Abstract

Purpose - The purpose of this paper is to organize and take stock of the present situation of research on stock market integration by reviewing the available literature, to provide quick and easy access for future researchers. Another objective of the present study is to classify the literature and to provide the comprehensive bibliography on stock market integration and to analyse the findings and results of the studies taken into consideration for review. Design/methodology/approach - A range of sources were searched to review the past literature on stock market integration and out of thousands of papers, 100 research papers form the sample for the present study. These 100 research papers are classified on the basis of various variables to know the status of research on the same topic. Findings - This paper classifies the past literature on stock markets integration and finds that the research work on the same area has been increased during the recent time period, especially from 2005 to 2010 and coverage of stock market integration across emerging economies has increased in recent years. The study revealed many other findings also. Originality/value - The present paper provides the collection, classification and comprehensive bibliography on stock market integration, which may be helpful for academicians, practitioners and future researchers when studying the existing research work, as well as for considering future researches on the same subject area.

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  • Anil Sharma & Neha Seth, 2012. "Literature review of stock market integration: a global perspective," Qualitative Research in Financial Markets, Emerald Group Publishing, vol. 4(1), pages 84-122, April.
  • Handle: RePEc:eme:qrfmpp:v:4:y:2012:i:1:p:84-122
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    Cited by:

    1. Knyazev, Alexander & Lepekhin, Oleg & Shemyakin, Arkady, 2016. "Joint distribution of stock indices: Methodological aspects of construction and selection of copula models," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 42, pages 30-53.
    2. Guglielmo Maria Caporale & Luis A. Gil-Alana & Kefei You, 2017. "Global and Regional Financial Integration in Emerging Asia: Evidence from Stock Markets," Discussion Papers of DIW Berlin 1668, DIW Berlin, German Institute for Economic Research.
    3. Romero-Meza, Rafael & Bonilla, Claudio & Benedetti, Hugo & Serletis, Apostolos, 2015. "Nonlinearities and financial contagion in Latin American stock markets," Economic Modelling, Elsevier, vol. 51(C), pages 653-656.
    4. Guglielmo Maria Caporale & Kefei You, 2017. "Stock Market Integration in Asia: Global or Regional? Evidence from Industry Level Panel Convergence Tests," CESifo Working Paper Series 6494, CESifo Group Munich.
    5. Razvan Stefanescu & Ramona Dumitriu, 2015. "Impact Of The Shocks From Nyse On The Romanian Capital Markets," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 371-376.
    6. Pym Manopimoke & Suthawan Prukumpai & Yuthana Sethapramote, 2018. "Dynamic Connectedness in Emerging Asian Equity Markets," PIER Discussion Papers 82, Puey Ungphakorn Institute for Economic Research, revised Feb 2018.
    7. Roszkowska Paulina & Prorokowski Łukasz, 2013. "Model of Financial Crisis Contagion: A Survey-based Simulation by Means of the Modified Kaplan-Meier Survival Plots," Folia Oeconomica Stetinensia, De Gruyter Open, vol. 13(1), pages 22-55, December.

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