Stock price comovement: : evidence from India

• Autores: Sagarika Mishra, Sandip Dhole
• Localización: Emerging Markets Finance & Trade, ISSN-e 1558-0938, Vol. 51, Nº. 5, 2015, págs. 893-903
• Idioma: inglés
• DOI: 10.1080/1540496x.2015.1061381
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• Resumen

  • We examine the extent to which stock prices comove in an emerging economy, India. We first document that stocks listed on the National Stock Exchange (NSE) comove. Further, we find that synchronicity is positively associated with growth and earnings volatility and negatively associated with business group affiliation and leverage