International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 4 July-August 2024 Submit your research before last 3 days of August to publish your research paper in the issue of July-August.
Submit Research Paper Join as a Reviewer

Plagiarism is checked by the leading plagiarism checker TurnItIn

Call for Paper

Volume 6 Issue 4
July-August 2024

Submit your research paper

Indexing Partners
Academia Advanced Sciences Index Bielefeld Academic Search Engine CiteSeer DRJI Google Scholar Independent Search Engine & Directory Network ISI (International Scientific Indexing) Issuu Mendeley Research Networks
RefSeek ResearcherId - Thomson Reuters ResearchGate Scirus Scribd Semantic Scholar UTeM - Universiti Teknikal Malaysia Melaka Wiki for Call for Papers WorldCat Zenodo

Diversification Versus Segmentation and Integration in Financial Markets

Author(s) Intissar GRISSA, Ezzeddine Abaoub
Country Tunisia
Abstract This article examines the integration/segmentation between developed and emerging markets and its implications on the gains generated by international diversification. Both theoretical and empirical studies agree on the benefits of international diversification in terms of reducing total risk and increasing portfolio returns, showing that the gains from international diversification are superior to domestic diversification. However, the effectiveness of this strategy remains contingent on the level of market integration. Indeed, when markets are financially and economically integrated, potential gains will be low or even nonexistent. Conversely, when markets are segmented, gains will be significant.
The sample for our empirical analysis consists of thirty-five financial markets: nineteen markets in Europe and Central Asia, nine markets in East Asia and the Pacific, four markets in Latin America and the Caribbean, and two markets in North America. These countries are classified according to the World Bank. The study covers the period from 01/2006 to 12/2022. Our results show that the gains from international diversification, are statistically and economically significant for all countries in the sample.
Keywords nternational Portfolio Diversification, Financial Integration, Emerging Markets
Field Business Administration
Published In Volume 6, Issue 1, January-February 2024
Published On 2024-02-28
Cite This Diversification Versus Segmentation and Integration in Financial Markets - Intissar GRISSA, Ezzeddine Abaoub - IJFMR Volume 6, Issue 1, January-February 2024. DOI 10.36948/ijfmr.2024.v06i01.13396
DOI https://doi.org/10.36948/ijfmr.2024.v06i01.13396
Short DOI https://doi.org/gtktjx
View / Download PDF File

Share this



E-ISSN 2582-2160
CrossRef

CrossRef DOI is assigned to each research paper published in our journal.

IJFMR DOI prefix is
10.36948/ijfmr

Downloads
Research Paper Format Copyright Permission Form and Undertaking Form Cover Page Vol 6 Isu 4 Cover Page Vol 6 Isu 3 Cover Page Vol 6 Isu 2

All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.

CC-BY-SA Open Access

About IJFMR
Fees & Payment
Current Issue
Publication Archive 		Submit Research Paper
Track Submission Status
Publication Guidelines
Publication Ethics
Peer Review & Plagiarism 		Join as a Reviewer
Editors & Reviewers
Reviewer Referral Program
Get Reviewer Membership Certi. 		Website/Journal Policies
Usage Policy
Content Policies
Privacy Policy
Contact Us +91-9898-5948-55 editor@ijfmr.com