@article {10.3844/ajassp.2004.1.4,
article_type = {journal},
title = {The Mechanism of Stock Market Integration: Evidence for the Taiwan and U.S. Stock Market},
author = {Chiang, Min-Hsien and Lai, Rung-Ho and Lee, Hsiao-Ching},
volume = {1},
year = {2004},
month = {Mar},
pages = {1-4},
doi = {10.3844/ajassp.2004.1.4},
url = {https://thescipub.com/abstract/ajassp.2004.1.4},
abstract = {This study investigates the sources of the comovement of the Taiwan and U.S. stock market. The empirical evidence shows that both economic fundamentals and equity risk premiums can act as transmission mechanisms of both markets. In the meantime, the financial integration is much stronger than real economic integration. Moreover, the deregulation of foreign investments in Taiwan and the Southeast Asian financial crisis in 1997 did not alter the transmission mechanisms of real economic and equity risk premium factors.},
journal = {American Journal of Applied Sciences},
publisher = {Science Publications}
}