Does sector diversification benefit exist? - Empirical analysis of Asian emerging and world leading stock markets

dc.contributor.author	Velip, S.P.
dc.contributor.author	AnjanaRaju, G.
dc.date.accessioned	2020-11-18T05:11:21Z
dc.date.available	2020-11-18T05:11:21Z
dc.date.issued	2020
dc.identifier.citation	Journal of Advanced Research in Dynamical and Control Systems (JARDCS). 12(7); 2020; 2417-2426.	en_US
dc.identifier.uri	http://doi.org/10.5373/JARDCS/V12SP7/20202371
dc.identifier.uri	http://irgu.unigoa.ac.in/drs/handle/unigoa/6283
dc.description.abstract	This research examines sector-wise integration of two Asian emerging and two world leading stock markets to determine possible portfolio diversification implications. Analysis of the study achieved using VAR based Causality/Block Exogeneity Wald Tests and Forecast Error Variance Decomposition for a data period starting from 4th May 2009 to 29th August 2019. The short-run relationship between sectoral indices returns of China, India and UK are considerably limited. As a result of this, the prospects of sectoral portfolio diversification are not completely declined in these markets. The dominating role of USA over other markets indices derived invisible but indeed throughout the findings UK market indices does have an influence over other markets sectoral returns.	en_US
dc.publisher	Institute of Advanced Scientific Research	en_US
dc.subject	Commerce	en_US
dc.title	Does sector diversification benefit exist? - Empirical analysis of Asian emerging and world leading stock markets	en_US
dc.type	Journal article	en_US