全球经济因素与拉丁美洲股票市场

Q3 Business, Management and Accounting

Latin American Business Review Pub Date : 2020-01-02 DOI:10.1080/10978526.2019.1665467

Graziela Fortunato, Nathalia Martins, Carlos de Lamare Bastian-Pinto

{"title":"全球经济因素与拉丁美洲股票市场","authors":"Graziela Fortunato, Nathalia Martins, Carlos de Lamare Bastian-Pinto","doi":"10.1080/10978526.2019.1665467","DOIUrl":null,"url":null,"abstract":"Abstract This study aimed to analyze the structural dependence between the stock markets of the Latin American countries – Brazil, Chile, Colombia, Mexico, and Peru and the global stock market return and volatility, the commodity prices, and the US political-economic uncertainty from 1998 to 2017. We applied the quantile regression approach under different market circumstances and the results show that global stock market return and commodity prices are the most significant influencers in Latin America. These results are of interest to stakeholders, such as international investors and portfolio managers in the Latin American stock market, due to the market’s growing dynamism after integration into global financial markets and its role in investment diversification.","PeriodicalId":35384,"journal":{"name":"Latin American Business Review","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10978526.2019.1665467","citationCount":"6","resultStr":"{\"title\":\"Global Economic Factors and the Latin American Stock Markets\",\"authors\":\"Graziela Fortunato, Nathalia Martins, Carlos de Lamare Bastian-Pinto\",\"doi\":\"10.1080/10978526.2019.1665467\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract This study aimed to analyze the structural dependence between the stock markets of the Latin American countries – Brazil, Chile, Colombia, Mexico, and Peru and the global stock market return and volatility, the commodity prices, and the US political-economic uncertainty from 1998 to 2017. We applied the quantile regression approach under different market circumstances and the results show that global stock market return and commodity prices are the most significant influencers in Latin America. These results are of interest to stakeholders, such as international investors and portfolio managers in the Latin American stock market, due to the market’s growing dynamism after integration into global financial markets and its role in investment diversification.\",\"PeriodicalId\":35384,\"journal\":{\"name\":\"Latin American Business Review\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2020-01-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1080/10978526.2019.1665467\",\"citationCount\":\"6\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Latin American Business Review\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1080/10978526.2019.1665467\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Business, Management and Accounting\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Latin American Business Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10978526.2019.1665467","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}

引用次数: 6

摘要

摘要本研究旨在分析1998年至2017年拉丁美洲国家巴西、智利、哥伦比亚、墨西哥和秘鲁股市与全球股市回报率和波动性、大宗商品价格和美国政治经济不确定性之间的结构依赖性。我们在不同的市场环境下应用了分位数回归方法，结果表明，全球股市回报率和商品价格是拉丁美洲最显著的影响因素。这些结果引起了利益相关者的兴趣，如国际投资者和拉丁美洲股市的投资组合经理，因为该市场在融入全球金融市场后不断增长的活力及其在投资多元化中的作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Global Economic Factors and the Latin American Stock Markets

Abstract This study aimed to analyze the structural dependence between the stock markets of the Latin American countries – Brazil, Chile, Colombia, Mexico, and Peru and the global stock market return and volatility, the commodity prices, and the US political-economic uncertainty from 1998 to 2017. We applied the quantile regression approach under different market circumstances and the results show that global stock market return and commodity prices are the most significant influencers in Latin America. These results are of interest to stakeholders, such as international investors and portfolio managers in the Latin American stock market, due to the market’s growing dynamism after integration into global financial markets and its role in investment diversification.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Latin American Business Review Business, Management and Accounting-Business and International Management

CiteScore

2.40

自引率

0.00%

发文量

期刊介绍： Latin American Business Review is a quarterly, refereed journal which facilitates the exchange of information and new ideas between academics, business practitioners, public policymakers, and those in the international development community. Special features of the journal will keep you current on various teaching, research, and information sources. These activities all focus on the business and economic environment of the diverse and dynamic countries of the Americas.