How do political and economic news affect emerging markets?: Evidence from Argentina and Turkey

被引：26

作者：

Onder, Zeynep ^{[1
]}

Simga-Mugan, Can

机构：

[1] Bilkent Univ, Fac Business Adm, Ankara, Turkey

[2] Middle E Tech Univ, TR-06531 Ankara, Turkey

来源：

EMERGING MARKETS FINANCE AND TRADE | 2006年 / 42卷 / 04期

关键词：

emerging markets; political and economic news; volatility and volume;

D O I：

10.2753/REE1540-496X420403

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

High returns in emerging markets over the last decade have attracted international investors. This study investigates if and how economic or political news affects stock market activity in two emerging markets: Argentina and Turkey. Our analysis shows that political and economic news influences both the volatility of returns and trading volume in these markets to varying degrees. Results suggest that both economic and political factors, as well as specific market characteristics, should be taken into consideration by international investors when making investment decisions in emerging markets.

引用

页码：50 / 77

页数：28

共 51 条

[1]

[Anonymous], INVESTMENT CO I PERS

[2]

Aydogan K., 1998, APPL FINANCIAL EC, V8, P41, DOI [10.1080/096031098333230, DOI 10.1080/096031098333230]

[3] BENEFITS OF INTERNATIONAL DIVERSIFICATION - THE CASE OF PACIFIC BASIN STOCK MARKETS [J].