Showing World Market Integration through Time
Dr. Susan Pozo
Integrated international markets mean that a stock with the same risk will earn the same return anywhere in the world, regardless of the location of the stock. Segmented markets mean that similar risk stocks earn different returns in different countries.
Previous literature indicates international financial markets are segmented
New literature shows increasing world stock market index correlations.
WMU ScholarWorks Citation
Hanig, Justin K., "Showing World Market Integration through Time" (2012). Research and Creative Activities Poster Day. 27.
2nd Advisor: Dr. James Hueng
One of the winners of the 2012 Research and Creative Activities Poster Day.