The importance of trust distance on stock market correlation: Evidence from emerging economics
Several studies have shown that the level of trust between agents is a determinant of financial decisions. This paper studies this issue further by analyzing whether the trust distance between two countries can explain bilateral stock market correlations among emerging countries. One finding is that...
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| Format: | Article |
| Language: | English |
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Elsevier
2020-03-01
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| Series: | Borsa Istanbul Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845019302765 |