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   an investigation of convergence hypothesis of price index in asian stock markets  
   
نویسنده fegheh majidi ali ,mohammadi ahmad ,nanvay sabegh behnaz
منبع journal of money and economy - 2017 - دوره : 12 - شماره : 1 - صفحه:73 -88
چکیده    The capital market in each country is considered as the most important part of the economy and its fluctuations may reflect the economic situation of the country. in this paper, the hypothesis of convergence of stock market price indices in asian countries during the period from january 2007 to february 2017 is investigated using cluster analysis method. the results show that there is no evidence of overall convergence among countries. however, there are three converging clusters between stock markets while the jordanian stock market forms a nonconvergent cluster. these findings should assist portfolio managers in the design and implementation of appropriate portfolio management strategies. regulatory authorities can also benefit from the design of financial regulation.
کلیدواژه cluster analysis ,convergence ,price index ,stock market
آدرس university of kurdistan, ایران, university of kurdistan, ایران, university of kurdistan, ایران
پست الکترونیکی behnaz.na.1370@gmail.com
 
   بررسی فرضیه همگرایی شاخص قیمت در بازارهای سهام منتخب آسیا  
   
Authors فقه مجیدی علی ,محمدی احمد ,نانوای سابق بهناز
  
 
 

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