Abstract

http://ssrn.com/abstract=2378041
 


 



Global Stock Markets and Investment Opportunities in the United States


Vichet Sum


University of Maryland Eastern Shore - School of Business and Technology

January 12, 2014


Abstract:     
This study is set up to investigate how returns on three groups (developed, emerging and frontier) of global stock markets respond to shock to investment opportunities in the United States using aggregate Tobin’s q as a proxy. The Granger-causality is computed to determine the causal linkage between the investment opportunities in the United States and returns on the global stock market. The generalized impulse response functions and variance decomposition are also estimated.

Keywords: Tobin’s q, investment opportunities and global stock markets

JEL Classification: G12, G14

working papers series


Not Available For Download

Date posted: January 12, 2014  

Suggested Citation

Sum, Vichet, Global Stock Markets and Investment Opportunities in the United States (January 12, 2014). Available at SSRN: http://ssrn.com/abstract=2378041

Contact Information

Vichet Sum (Contact Author)
University of Maryland Eastern Shore - School of Business and Technology ( email )
2105 Kiah Hall
Princess Anne, MD 21853
United States
410-651-6531 (Phone)
410-651-6529 (Fax)
HOME PAGE: http://www.umes.edu/bma/Sum.html
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