Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/31453
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dc.contributor.authorZiadat, Salemen_UK
dc.contributor.authorHerbst, Patricken_UK
dc.contributor.authorMcMillan, Daviden_UK
dc.date.accessioned2020-07-18T00:17:35Z-
dc.date.available2020-07-18T00:17:35Z-
dc.date.issued2020-12en_UK
dc.identifier.other101292en_UK
dc.identifier.urihttp://hdl.handle.net/1893/31453-
dc.description.abstractThis paper examines the patterns of information transmission for equity markets in the seven Gulf Cooperation Council countries over the period from 2004 to 2019. Using weekly data, correlations and spillovers both within the region and from the US, the EU and Japan are modelled through the Dynamic Conditional Correlation-GARCH model and the Diebold-Yilmaz spillover index. While GCC markets exhibit increasing correlations with, primarily, the EU and, to a lesser extent, the US, they nonetheless remain relatively less interlinked globally. Our findings support significant return and volatility spillovers from the EU and the US to the GCC markets, with stronger spillovers from the EU. Intra-regionally, the UAE is the main transmitter and receiver of spillovers between the GCC and world markets. Furthermore, we see evidence of a decoupling pattern within the GCC countries, with notable segmentation in the markets of Bahrain and Kuwait.en_UK
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.relationZiadat S, Herbst P & McMillan D (2020) Inter- and Intra-Regional Stock Market Relations for the GCC Bloc. Research in International Business and Finance, 54, Art. No.: 101292. https://doi.org/10.1016/j.ribaf.2020.101292en_UK
dc.rightsThis item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Accepted refereed manuscript of: Ziadat S, Herbst P & McMillan D (2020) Inter- and Intra-Regional Stock Market Relations for the GCC Bloc. Research in International Business and Finance, 54, Art. No.: 101292. https://doi.org/10.1016/j.ribaf.2020.101292 © 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/en_UK
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en_UK
dc.subjectGCCen_UK
dc.subjectStock Marketsen_UK
dc.subjectCorrelationen_UK
dc.subjectSpilloversen_UK
dc.titleInter- and Intra-Regional Stock Market Relations for the GCC Blocen_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2022-01-11en_UK
dc.rights.embargoreason[gcc_spills_revised.pdf] Publisher requires embargo of 18 months after formal publication.en_UK
dc.identifier.doi10.1016/j.ribaf.2020.101292en_UK
dc.citation.jtitleResearch in International Business and Financeen_UK
dc.citation.issn0275-5319en_UK
dc.citation.volume54en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.author.emaildavid.mcmillan@stir.ac.uken_UK
dc.citation.date10/07/2020en_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.identifier.isiWOS:000581600100018en_UK
dc.identifier.scopusid2-s2.0-85088507536en_UK
dc.identifier.wtid1645350en_UK
dc.contributor.orcid0000-0003-2916-7456en_UK
dc.contributor.orcid0000-0002-5891-4193en_UK
dc.date.accepted2020-07-09en_UK
dc.date.filedepositdate2020-07-16en_UK
Appears in Collections:Accounting and Finance Journal Articles

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