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

Fingerprint

Korea
Asian financial crisis
Japan
Stock index
Stock exchange
Informational content
Market index

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

@article{542d884f78f34bacb702ae2a18c88073,
title = "Informational content of stock exchanges versus over-the-counter markets: The behaviour of stock indices around the Asian financial crisis in Japan and Korea",
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.",
author = "Kenji Wada",
year = "2004",
month = "12",
day = "15",
doi = "10.1080/1350485042000291358",
language = "English",
volume = "11",
pages = "949--955",
journal = "Applied Economics Letters",
issn = "1350-4851",
publisher = "Routledge",
number = "15",

}

TY - JOUR

T1 - Informational content of stock exchanges versus over-the-counter markets

T2 - The behaviour of stock indices around the Asian financial crisis in Japan and Korea

AU - Wada, Kenji

PY - 2004/12/15

Y1 - 2004/12/15

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=12144254387&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=12144254387&partnerID=8YFLogxK

U2 - 10.1080/1350485042000291358

DO - 10.1080/1350485042000291358

M3 - Article

AN - SCOPUS:12144254387

VL - 11

SP - 949

EP - 955

JO - Applied Economics Letters

JF - Applied Economics Letters

SN - 1350-4851

IS - 15

ER -