Global Stock Markets and Investment Opportunities in the United States

Posted: 12 Jan 2014

See all articles by Vichet Sum

Vichet Sum

University of Maryland Eastern Shore - School of Business and Technology

Date Written: 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

Suggested Citation

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

Vichet Sum (Contact Author)

University of Maryland Eastern Shore - School of Business and Technology ( email )

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