Banks, Non-bank Companies and Stock Exchange : Do we Know the Relationship?

Czasopismo

---

• Autorzy: Binam Ghimire , Rishi Gautam , Dipesh Karki , Satish Sharma
• Języki publikacji: EN

Abstrakty

EN

This paper investigates the role played by the banking sector in founding, sustaining and developing stock exchange markets. The paper has constructed data on market capitalisation separately for banks and non-bank companies. We apply cointegration techniques developed by Engle and Granger [1987] and Johansen [1988] and we bootstrap the variables to examine the nature of relationship between the banks and stock markets. We found that banks have played an important role in the development of stock exchanges. Further, the empirical analysis made amongst ten developed and developing exchanges suggests a listing of non-bank companies important for development of stock markets. These findings have also been verified by analysing the data of an exchange not included in the test.(original abstract)

Słowa kluczowe

EN

Banks; Stock exchange; Cointegration; Bootstrap

PL

Banki; Giełda; Kointegracja; Metody samowsporne

• Czasopismo: ---
• Strony: 25--45

Twórcy

autor

Binam Ghimire

• Newcastle Business School, U.K.

autor

Rishi Gautam

• Tribhuvan University, Nepal

autor

Dipesh Karki

• Newcastle Business School, U.K.

autor

Satish Sharma

• Newcastle Business School, U.K.

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Identyfikatory

DOI

10.18559/ebr.2015.4.3