Handbook of Frontier Markets

Table of contents

1. Cover
2. Title page
3. Table of Contents
4. Copyright
5. List of Contributors
6. About the Editors
7. About the Contributors
8. Acknowledgment
9. Section A: Africa
   1. Chapter 1: Testing for the Weak-Form Market Efficiency of the Dar es Salaam Stock Exchange
      1. Abstract
      2. 1. Introduction
      3. 2. The Random Walk Theory and the Efficient Market Hypothesis
      4. 3. Empirical Literature Review on Weak-Form Market Efficiency
      5. 4. Data Sources
      6. 5. Methodology
      7. 6. Analyses and Presentation of the Results
      8. 7. Conclusions and Recommendations
   2. Chapter 2: Stock Returns and Inflation: The Case of Botswana
      1. Abstract
      2. 1. Introduction
      3. 2. Literature Review
      4. 3. Overview of the Economy of Botswana
      5. 4. Data and Methodology
      6. 5. Results
      7. 6. Conclusions
   3. Chapter 3: Modeling and Forecasting Stock Market Volatility in Frontier Markets: Evidence From Four European and Four African Frontier Markets
      1. Abstract
      2. 1. Introduction
      3. 2. Background Information
      4. 3. Data
      5. 4. Methodology
      6. 5. Findings and Discussions
      7. 6. Conclusions and Further Research
   4. Chapter 4: Herd Behavior in Frontier Markets: Evidence from Nigeria and Morocco
      1. Abstract
      2. 1. Introduction
      3. 2. Methodology and Data
      4. 3. Empirical Results
      5. 4. Conclusions
   5. Chapter 5: Effects of Interest Rates and Exchange Rates on Bank Stock Returns
      1. Abstract
      2. 1. Introduction
      3. 2. Conclusions
   6. Chapter 6: Financial Contagion From US to African Frontier Markets During the 2007–09 Global Financial Crisis
      1. Abstract
      2. 1. Introduction, Aims, and Literature
      3. 2. Data and Descriptive Statistics
      4. 3. Hypotheses and Methodology
      5. 4. Results
      6. 5. Discussions
      7. 6. Conclusions
      8. Appendix 1: Time-Varying Correlations of US with African Markets
      9. Appendix 2: Time-Varying Correlations of US with Developed Markets
10. Section B: Europe
    1. Chapter 7: An Assessment of the Real Development Prospects of the EU 28 Frontier Equity Markets
       1. Abstract
       2. 1. Introduction
       3. 2. A Comparative Analysis of the EU 10 Frontier Markets
       4. 3. Hypothesis, Data, and Research Results
       5. 4. Discussions and Conclusions
    2. Chapter 8: Are European Frontier Markets Efficient?
       1. Abstract
       2. 1. Introduction
       3. 2. The Theory of Informational Market Efficiency
       4. 3. The Empirical Literature on Frontier Markets and Informational Efficiency
       5. 4. Methodology
       6. 5. Overview of Eastern European Markets and Sample Selection
       7. 6. Results
       8. 7. Conclusions and Recommendations
    3. Chapter 9: Another Look at Financial Analysts’ Forecasts Accuracy: Recent Evidence From Eastern European Frontier Markets
       1. Abstract
       2. 1. Introduction
       3. 2. Conceptual Framework
       4. 3. Data and Methodology
       5. 4. Analysis of FAF on Eastern European Frontier Markets
       6. 5. Conclusions
    4. Chapter 10: Are There Herding Patterns in the European Frontier Markets?
       1. Abstract
       2. 1. Introduction
       3. 2. Database
       4. 3. Methodology
       5. 4. Empirical Results
       6. 5. Conclusions
       7. Acknowledgment
11. Section C: Asia
    1. Chapter 11: Is Bankruptcy a Systematic Risk? Evidence From Vietnam
       1. Abstract
       2. 1. Introduction
       3. 2. Literature Review
       4. 3. Research Design, Data, and Methodology
       5. 4. Results of Analysis and Discussion of Findings
       6. 5. Conclusions and Recommendations
    2. Chapter 12: Investors’ Herding in Frontier Markets: Evidence From Mongolia
       1. Abstract
       2. 1. Introduction
       3. 2. Mongolian Stock Exchange: A Brief Overview
       4. 3. Data and Methodology
       5. 4. Results and Conclusion
    3. Chapter 13: Structural Breaks, Efficiency, and Volatility: An Empirical Investigation of Southeast Asian Frontier Markets
       1. Abstract
       2. 1. Introduction
       3. 2. Literature Review
       4. 3. Data and Methodology
       5. 4. Empirical Results
       6. 5. Conclusions
12. Index