Stock exchange mergers : a dynamic correlation analysis on Euronext

Detalhes bibliográficos
Autor(a) principal: Espinosa-Méndez, Christian
Data de Publicação: 2020
Outros Autores: Gorigoitía, Juan, Vieito, João
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.5/20069
Resumo: This article investigates the role of Stock Exchange Mergers on stock market return co- movements. Using a dynamic conditional correlation model proposed by Engle (J Bus Econ Stat 20:339–350, 2002), the Euronext Stock Exchange was analyzed, and findings point to an increase in correlation levels of stock return among Euronext unitholders. In short, Euronext stock exchange mergers increased interdependency among these markets, which means that the possibility of diversifying investment risk in these markets is reduced.
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spelling Stock exchange mergers : a dynamic correlation analysis on EuronextStock exchange mergerEuronextDynamic conditional correlationThis article investigates the role of Stock Exchange Mergers on stock market return co- movements. Using a dynamic conditional correlation model proposed by Engle (J Bus Econ Stat 20:339–350, 2002), the Euronext Stock Exchange was analyzed, and findings point to an increase in correlation levels of stock return among Euronext unitholders. In short, Euronext stock exchange mergers increased interdependency among these markets, which means that the possibility of diversifying investment risk in these markets is reduced.SpringerRepositório da Universidade de LisboaEspinosa-Méndez, ChristianGorigoitía, JuanVieito, João2020-05-06T13:40:06Z2020-052020-05-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/20069engEspinosa-Méndez, Christian, Juan Gorigoitía e João Vieito (2020). "Stock exchange mergers : a dynamic correlation analysis on Euronext". Portuguese Economic Journal, 19(2):81-981617-982X (Print)10.1007/s10258-019-00160-5metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-06-25T01:30:41Zoai:www.repository.utl.pt:10400.5/20069Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:04:52.870670Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Stock exchange mergers : a dynamic correlation analysis on Euronext
title Stock exchange mergers : a dynamic correlation analysis on Euronext
spellingShingle Stock exchange mergers : a dynamic correlation analysis on Euronext
Espinosa-Méndez, Christian
Stock exchange merger
Euronext
Dynamic conditional correlation
title_short Stock exchange mergers : a dynamic correlation analysis on Euronext
title_full Stock exchange mergers : a dynamic correlation analysis on Euronext
title_fullStr Stock exchange mergers : a dynamic correlation analysis on Euronext
title_full_unstemmed Stock exchange mergers : a dynamic correlation analysis on Euronext
title_sort Stock exchange mergers : a dynamic correlation analysis on Euronext
author Espinosa-Méndez, Christian
author_facet Espinosa-Méndez, Christian
Gorigoitía, Juan
Vieito, João
author_role author
author2 Gorigoitía, Juan
Vieito, João
author2_role author
author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Espinosa-Méndez, Christian
Gorigoitía, Juan
Vieito, João
dc.subject.por.fl_str_mv Stock exchange merger
Euronext
Dynamic conditional correlation
topic Stock exchange merger
Euronext
Dynamic conditional correlation
description This article investigates the role of Stock Exchange Mergers on stock market return co- movements. Using a dynamic conditional correlation model proposed by Engle (J Bus Econ Stat 20:339–350, 2002), the Euronext Stock Exchange was analyzed, and findings point to an increase in correlation levels of stock return among Euronext unitholders. In short, Euronext stock exchange mergers increased interdependency among these markets, which means that the possibility of diversifying investment risk in these markets is reduced.
publishDate 2020
dc.date.none.fl_str_mv 2020-05-06T13:40:06Z
2020-05
2020-05-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/20069
url http://hdl.handle.net/10400.5/20069
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Espinosa-Méndez, Christian, Juan Gorigoitía e João Vieito (2020). "Stock exchange mergers : a dynamic correlation analysis on Euronext". Portuguese Economic Journal, 19(2):81-98
1617-982X (Print)
10.1007/s10258-019-00160-5
dc.rights.driver.fl_str_mv metadata only access
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rights_invalid_str_mv metadata only access
eu_rights_str_mv openAccess
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dc.publisher.none.fl_str_mv Springer
publisher.none.fl_str_mv Springer
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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