Authors: Jinghan Cai; Xiaobing Li
Addresses: Department of Economics and Finance, University of Scranton, USA ' Kania School of Management, University of Scranton, USA
Abstract: The inter-dependence between different stock markets around the world has been in the forefront of academic and public interests. In this paper, we study the channel of the stock market inter-dependence between Chinese stock market and other markets around the world. We analyse the daily returns of major stock indices to discover the path of the transmission of shocks from Chinese stock market. We find out that, the difference in logistics from countries plays an important role in explaining the transmission of stock market shocks.
Keywords: inter-dependence; global stock returns; logistics; China.
International Journal of Logistics Economics and Globalisation, 2018 Vol.7 No.3, pp.292 - 306
Available online: 20 Jul 2018 *Full-text access for editors Access for subscribers Purchase this article Comment on this article