Economics at your fingertips  

Stock exchange mergers: a dynamic correlation analysis on Euronext

Christian Espinosa-Méndez (), Juan Gorigoitía and João Vieito
Additional contact information
Juan Gorigoitía: Universidad de Santiago de Chile
João Vieito: Polytechnic Institute of Viana do Castelo, Portugal and Applied Management Research Unit (UNIAG)

Portuguese Economic Journal, 2020, vol. 19, issue 2, No 1, 98 pages

Abstract: Abstract This article investigates the role of Stock Exchange Mergers on stock market return co-movements. Using a dynamic conditional correlation model proposed by Engle (J Bus Econ Stat 20:339–350, 2002), the Euronext Stock Exchange was analyzed, and findings point to an increase in correlation levels of stock return among Euronext unitholders. In short, Euronext stock exchange mergers increased interdependency among these markets, which means that the possibility of diversifying investment risk in these markets is reduced.

Keywords: Stock exchange merger; Euronext; Dynamic conditional correlation (search for similar items in EconPapers)
JEL-codes: C12 C13 C58 G15 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10258/PS2

DOI: 10.1007/s10258-019-00160-5

Access Statistics for this article

Portuguese Economic Journal is currently edited by Luís F. Costa

More articles in Portuguese Economic Journal from Springer, Instituto Superior de Economia e Gestao
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2021-09-27
Handle: RePEc:spr:portec:v:19:y:2020:i:2:d:10.1007_s10258-019-00160-5