TY  - JOUR
AB  - The accelerating globalization of business and integration of financial markets are affecting the equity investment environment of emerging markets (EMS). For the study period, we do not observe statistically significant region or industry effects on the returns of the EMS country equity indexes. All measurements indicate a high degree of integration for EMS regions and broad industry categories. The relative size of region and industry effects and Pearson correlations, however, indicate the dominance of region effects over industry effects. In the EMS world, as a starting step, regional diversification will be more efficient than industrial diversification.
VL  - 30
IS  - 3
SN  - 0307-4358
DO  - 10.1108/03074350410768949
UR  - https://doi.org/10.1108/03074350410768949
AU  - Sener Tulin
AU  - Salavitabar Hadi
PY  - 2004
Y1  - 2004/01/01
TI  - Region and industry effects on the equity returns of emerging markets
T2  - Managerial Finance
PB  - Emerald Group Publishing Limited
SP  - 17
EP  - 27
Y2  - 2024/09/25
ER  -