Emerging market crises and US equity market returns

Citeable URL: https://ir.library.oregonstate.edu/concern/articles/j38607545

Descriptions

Attribute Name	Values
Creator	Berger, Dave Turtle, H. J.
Abstract	We find contagion effects are present in US small size portfolios during emerging market crises due to risk and liquidity concerns. Investors display flight from risk during emerging market crises, and as a result, safer larger stocks exhibit positive abnormal returns. We find little evidence of contagion in aggregate excess US market returns, indicating studies that focus on national aggregates may miss important within market dynamics during emerging market crises. The international dynamics that we document have important implications for investors, even when they may have limited global exposure. This is the authors’ post-peer review version of the final article. The final published version is copyrighted by Elsevier and can be found at: http://www.elsevier.com/wps/find/journaldescription.cws_home/620162/description#description.
Resource Type	Article
DOI	https://doi.org/10.1016/j.gfj.2011.05.003
Date Available	2011-06-14T19:02:24+00:00
Date Issued	2011-05-20
Citation	Berger, D., & Turtle, H. J. (2011, May 20). Emerging Market Crises and US Equity Market Returns. Global Finance Journal. doi:10.1016/j.gfj.2011.05.003
Journal Title	Global Finance Journal
Journal Volume	22
Journal Issue/Number	1
Academic Affiliation	College of Business
Dichiarazione dei diritti	In Copyright
Publisher	Elsevier
Peer Reviewed	Yes
Language	English [eng]
Replaces	http://hdl.handle.net/1957/21753