TY  - JOUR
T1  - Stock Synchronicity in the ASEAN Economic Community
AU - Sukcharoensin, Pariyada AU - Ekkun, Tienchai 
JO  - International Business Management
VL  - 8
IS  - 5
SP  - 259
EP  - 263
PY  - 2014
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2014.259.263
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2014.259.263
KW  - ASEAN economic community
KW  -efficient capital market
KW  -R2
KW  -synchronicity
KW  -Thailand
AB  - This study explores the capital market efficiency of 5 countries in ASEAN economic 
  community including Indonesia, Malaysia, Philippines, Singapore and Thailand 
  during 2006-2012. Researchers investigate the R<SUP>2</SUP> which represents 
  the stock price synchronicity andfind that the Philippines stock exchange has 
  lowest R<SUP>2</SUP> and is more efficient than others in the same region. This 
  contradicts to previous research results which find that R<SUP>2</SUP> values 
  of emerging markets are higher than the developed economies. From the overall 
  regression estimates of ASEAN, researchers find that higher synchronicity stocks 
  are larger and have higher volume but less leveraged. The regression results 
  from individual countries confirm the relationship, except leverage which is 
  mildly positive for the Philippines.
ER  -