Major world equity market interdependence a decade after the 1987 crash: evidence from cross spectral analysis

Article Abstract:

There has been a marked increase in correlations for some of the major equity markets around the world 10 years after the Oct 1987 stock market crash. This is evident in a cross spectral analysis of stock markets in the US, UK, France, Germany, Canada and Japan, where the apparent market interdependence is more pronounced at longer frequencies. The most striking increase in correlations occurred in the UK, France and Germany during the post-crash period.

Stock Market Crash, 1987

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The timing and subsequent performance of initial public offerings (IPOs) on the Johannesburg Stock Exchange

Article Abstract:

Corporations listed on the Johannesburg Stock Exchange by public offerings from 1980 to 1991 have fared poorly. This performance is consistent with that of South African seasoned rights issuing corporations and international data for both initial public offerings and seasoned equity offerings. The newly listed companies had an average income of 18.0% compared to 81.5% for a similarly-sized seasoned corporation.

Going public (Securities), Initial public offerings, Johannesburg, South Africa

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Modeling the dynamic interdependence of major European stock markets

Article Abstract:

First and second moment stock market interactions are investigated. Four major European stock markets are chosen, namely, England, France, Germany and Italy. Data from each market are analyzed using the multivariate VAR-EGARCH model. Results indicate that European markets are integrated in the sense that they react to information sourced from the other markets, especially when the data are adverse.

Europe

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