The Effects of the Asian Crisis on Global Equity Markets

Tuluca, Sorin A.; Zwick, Burton

doi:10.1111/j.1540-6288.2001.tb00007.x

Cited by 44 publications

(16 citation statements)

References 22 publications

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“…Regarding the impact of the 1997-1998 global emerging market crisis on emerging stock market integration, the finding of strengthened stock market linkages (both in the long run and the short run) after the crisis in this study stands in sharp contrast to the previous studies where regional stock market integration (particularly the long-run relationship) is reported to be weakened or little affected after (or during) the recent crisis (Jochum et al, 1999;Tuluca and Zwick, 2001;Manning, 2002;Chen et al, 2002). Moreover, the findings of this study are consistent with Arshanapalli et al (1995), but does not support the argument that the correlation between national stock market returns increases temporarily only in times of general market turbulence (King and Wadhwani, 1990;King et al, 1994).…”

Section: Discussioncontrasting

confidence: 83%

“…Research has traditionally focused on major developed markets (see Eun and Shim, 1989;Koch and Koch, 1991;Kasa, 1992;Masih and Masih, 1997;Longin and Solnik, 2001;Bessler and Yang, 2003). Recent works have extended this line of research to the linkages between emerging stock markets and the developed stock markets (e.g., Arshanapalli et al, 1995;Choudhry, 1997;Tuluca and Zwick, 2001;Manning, 2002;Chen et al, 2002). The extent and the nature of international stock market linkages considered in the literature cover both long-run relationships and short-run dynamic linkages.…”

Section: Introductionmentioning

confidence: 98%

See 1 more Smart Citation

The emerging market crisis and stock market linkages: further evidence

Yang

Hsiao

et al. 2006

J of Applied Econometrics

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SUMMARYThis study examines the long-run price relationship and the dynamic price transmission among the USA, Germany, and four major Eastern European emerging stock markets, with particular attention to the impact of the 1998 Russian financial crisis. The results show that both the long-run price relationship and the dynamic price transmission were strengthened among these markets after the crisis. The influence of Germany became noticeable on all the Eastern European markets only after the crisis but not before the crisis. We also conduct a rolling generalized VAR analysis to confirm the robustness of the main findings.

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Section: Discussioncontrasting

confidence: 83%

Section: Introductionmentioning

confidence: 98%

The emerging market crisis and stock market linkages: further evidence

Yang

Hsiao

et al. 2006

J of Applied Econometrics

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“…Kaiser-Meyer-Olkin procedure for measuring sampling adequacy was applied. The KMO level of 0.7 generally assures the usefulness of factor analysis for a given sample (Tuluca and Zwick, 2001). A higher KMO (maximum 1.0) indicates that sampling data are more likely to factor well because correlations between variables can be explained by low partial correlation coefficients (other variables) (Leung et al, 2005).…”

Section: Discussionmentioning

confidence: 99%

Design indicators for better accommodation environments in hospitals: inpatients’ perceptions

Zhao

Mourshed

2012

Intelligent Buildings International

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Several studies have found an association between the physical environment and human health and wellbeing that resulted in the postulation of the idea of evidence-based and patient-centred design of healthcare facilities. The key challenge is that most of the underpinning research for the evidence base is context specific, the use of which in building design is complex, mainly because of the difficulties associated with the disaggregation of findings from the context. On the other hand, integrating patients' perspectives requires an understanding of the relative importance of design indicators, which the existing evidence base lacks to a large extent. This research was aimed at overcoming these limitations by investigating users' perception of the importance of key design indicators in enhancing their accommodation environments in hospitals. A 19-item structured questionnaire was used to gather inpatients' views on a 5-point scale, in two Chinese hospitals. A principal component analysis (PCA) resulted in five constructed dimensions with appropriate reliability and validity (Cronbach's alpha=0.888). The item, design for cleanliness, was ranked as most important, closely followed by environmental and safety design indicators. The item, entertainment facilities, was ranked lowest. The indicator, pleasant exterior view had the second lowest mean score, followed by the item, ability to customise the space. Age, accommodation type and previous experience of hospitalisation accounted for statistically significant differences in perceptions of importance of various constructed design dimensions.

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“…Studying the same Asian crisis, but from the perspective of a New Zealand investor in relation to mostly other Asian and South Pacific countries, Meyer and Rose (2003) find an increase in correlations from 0.133-0.216. Tuluca and Zwick (2001) also find an increase in correlations due to the Asian crisis using daily observations.…”

Section: The Literaturementioning

confidence: 82%