TY  - JOUR
TT  - Evaluation of the Added Value from Risk Diversification through AEC Capital Market Integration using Stochastic Dominance
AU  - Nittayagasetwat, Aekkachai
AU  - Buranasiri, Jiroj
PY  - 2017
DA  - June
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 562
EP  - 567
VL  - 7
IS  - 2
KW  - Integration
KW  - Mean-Variance Analysis
KW  - Stochastic Dominance
N2  - This research paper investigates the benefit of risk diversification under the increase in the integration of AEC countries’ capital markets during 1999 and 2016. The evidences from the correlation and mean-variance analysis confirm the higher stock market integration. However, the empirical results from Stochastic Dominance technique show that the equally weighted portfolio built from combining the stock index portfolios of five AEC countries has lower ability to dominate stock index portfolio of each AEC country.   In other words, the value from combining AEC countries’ stock markets is decreasing
UR  - https://dergipark.org.tr/en/pub/ijefi/article/354529
L1  - https://dergipark.org.tr/en/download/article-file/365934
ER  -