Informational content of stock exchanges versus over-the-counter markets: The behaviour of stock indices around the Asian financial crisis in Japan and Korea

Research output: Contribution to journalArticle

Abstract

The daily returns of the stock exchange index and the over-the counter (OTC) index in Japan and Korea around the Asian financial crisis are investigated. The stock exchange index contains information on relatively old technology sectors, while the OTC index contains information on relatively new technology sectors. Although previous studies focused only on the performance of the former, the behaviour of these two indices around the crisis is shown to be different. Thus, additional insight is obtained by considering these two market indices at the same time.

Original languageEnglish
Pages (from-to)949-955
Number of pages7
JournalApplied Economics Letters
Volume11
Issue number15
DOIs
Publication statusPublished - 2004 Dec 15

ASJC Scopus subject areas

  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Informational content of stock exchanges versus over-the-counter markets: The behaviour of stock indices around the Asian financial crisis in Japan and Korea'. Together they form a unique fingerprint.

  • Cite this