Hooy, Chee Wooi (2007) Integrasi pasaran-pasaran saham di rantau APEC : Satu kajian empirikal. International Journal of Management Studies (IJMS), 14 (2). pp. 127-142. ISSN 0127-8983

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Abstract

This paper investigates the process of asset pricing in stock markets of APEC countries while considering the impact of trading-bloc factor. Among the main findings were; firstly, the trading-bloc factor is significant and increases the explanatory power of the international asset pricing model; secondly, using APEC as a platform, we documented evidence that emerging markets are more sensitive to the trading-bloc factor, while integration towards the world market is more significant for developed markets and; thirdly, less significant cross-bloc pricing were found. In general, our research offers a possible explanation to why emerging stock markets is generally segmented from the world market. We found significant evidence that they are more integrated with their trading bloc members.

Item Type:	Article
Uncontrolled Keywords:	Integrasi pasaran saham; blok perdagangan; ICAPM; GARCH
Subjects:	H Social Sciences > HF Commerce
Divisions:	UNSPECIFIED
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	29 Sep 2010 10:02
Last Modified:	29 Sep 2010 10:02
URI:	https://repo.uum.edu.my/id/eprint/631

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