کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7364935 | 1479116 | 2014 | 12 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The interactions between China and US stock markets: New perspectives
ترجمه فارسی عنوان
تعاملات بین بازار سهام چین و آمریکا: دیدگاه های جدید
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper takes a new approach to investigate the interaction between the U.S. and China's stock markets. Since the U.S. and China's stock markets have no overlap in their trading hours, many empirical studies show that the daily returns on these two markets are not correlated. In this paper, we examine the ability of the daily returns on the S&P500 and the DJIA to forecast the direction of the openings of the SSEC and SZCI, two benchmark indexes in the China's stock market, and vice versa. We show that the daily returns on the U.S. stock market have had significant ability to forecast Chinese stock market openings since 2006, while the daily returns on the China's stock market have not shown the similar ability to forecast the U.S. stock market openings.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 31, July 2014, Pages 331-342
Journal: Journal of International Financial Markets, Institutions and Money - Volume 31, July 2014, Pages 331-342
نویسندگان
George L. Ye,