International linkages among stock markets of Malaysia and its major trading partners
This study empirically examines the short- and long-run dynamic causal linkages between Malaysia and its major trading partners (the United States, Japan, Singapore, China, and Thailand) based on a two-step estimation, Autoregressive distributed lag (ARDL) and Generalized Method of Moments (GMM) dur...
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| Format: | Article |
| Language: | English |
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Taylor ans Francis
2009
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| Online Access: | http://irep.iium.edu.my/8051/ http://irep.iium.edu.my/8051/1/International_linkages_among_stock_markets_of_malaysia_and_its_major_trading_partners.pdf |
| _version_ | 1848776946007146496 |
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| author | Karim, Bakri Abdul Majid, M. Shabri ABD. |
| author_facet | Karim, Bakri Abdul Majid, M. Shabri ABD. |
| author_sort | Karim, Bakri Abdul |
| building | IIUM Repository |
| collection | Online Access |
| description | This study empirically examines the short- and long-run dynamic causal linkages between Malaysia and its major trading partners (the United States, Japan, Singapore, China, and Thailand) based on a two-step estimation, Autoregressive distributed lag (ARDL) and Generalized Method of Moments (GMM) during the period 1992–2008. The study documents that the stronger the trade ties among the countries, the higher the degree of comovements among their stock markets. The Japanese stock market, to some extent, is found to be more important than the United States over these markets. In designing stock market policies, each country should take into consideration of any shocks in its major trading partners. |
| first_indexed | 2025-11-14T14:38:10Z |
| format | Article |
| id | iium-8051 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T14:38:10Z |
| publishDate | 2009 |
| publisher | Taylor ans Francis |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-80512011-11-24T20:50:46Z http://irep.iium.edu.my/8051/ International linkages among stock markets of Malaysia and its major trading partners Karim, Bakri Abdul Majid, M. Shabri ABD. HF5001 Business. Business Administration HG4501 Stocks, investment, speculation This study empirically examines the short- and long-run dynamic causal linkages between Malaysia and its major trading partners (the United States, Japan, Singapore, China, and Thailand) based on a two-step estimation, Autoregressive distributed lag (ARDL) and Generalized Method of Moments (GMM) during the period 1992–2008. The study documents that the stronger the trade ties among the countries, the higher the degree of comovements among their stock markets. The Japanese stock market, to some extent, is found to be more important than the United States over these markets. In designing stock market policies, each country should take into consideration of any shocks in its major trading partners. Taylor ans Francis 2009 Article PeerReviewed application/pdf en http://irep.iium.edu.my/8051/1/International_linkages_among_stock_markets_of_malaysia_and_its_major_trading_partners.pdf Karim, Bakri Abdul and Majid, M. Shabri ABD. (2009) International linkages among stock markets of Malaysia and its major trading partners. Journal of Asia-Pacific Business, 10 (4). pp. 326-351. ISSN 1059-9231 http://dx.doi.org/10.1080/10599230903340304 doi:10.1080/10599230903340304 |
| spellingShingle | HF5001 Business. Business Administration HG4501 Stocks, investment, speculation Karim, Bakri Abdul Majid, M. Shabri ABD. International linkages among stock markets of Malaysia and its major trading partners |
| title | International linkages among stock markets of Malaysia and its major trading partners |
| title_full | International linkages among stock markets of Malaysia and its major trading partners |
| title_fullStr | International linkages among stock markets of Malaysia and its major trading partners |
| title_full_unstemmed | International linkages among stock markets of Malaysia and its major trading partners |
| title_short | International linkages among stock markets of Malaysia and its major trading partners |
| title_sort | international linkages among stock markets of malaysia and its major trading partners |
| topic | HF5001 Business. Business Administration HG4501 Stocks, investment, speculation |
| url | http://irep.iium.edu.my/8051/ http://irep.iium.edu.my/8051/ http://irep.iium.edu.my/8051/ http://irep.iium.edu.my/8051/1/International_linkages_among_stock_markets_of_malaysia_and_its_major_trading_partners.pdf |