We undertake a meta-literature review on the topic of financial market integration (FMI),
covering 260 articles from 1981 to 2021. Our review consists of quantitative analysis of …

Portfolio diversification (PD) is attracting increasing attention, as it is becoming more difficult
to optimize portfolios due to growing financial markets integration. To highlight the evolution …

This paper examines the impact of political uncertainty (caused by the civil uprisings in the
Arab World ie,“Arab Spring”) on the volatility of major stock markets in the MENA region. Our …

A major issue in both Islamic finance and conventional finance is whether the shocks to the
volatilities in the asset returns are substitutes or complements in terms of taking risk. An …

We provide an analysis of frontier market equities with respect to world market integration
and diversification. Principal component results reveal that frontier markets exhibit low levels …

Stock markets have exhibited increased returns connectedness during the COVID-19
period. We examine the returns dependence among 42 stock markets classified under …

The main goal of this paper is to formally establish the volatility-herding link in the
develo** stock markets of the oil-rich GCC countries by examining how market volatility …

This paper examines the influence of domestic and international terrorist attacks on the
volatility of domestic European stock markets. In the past decade, terrorism fears remained …

In this article, we examine the dynamic relationship between global factors and herd
behavior in an emerging market. Utilizing a time-varying transition probability Markov …

The main goal of this paper is to examine whether oil price risk is systematically priced in the
cross-section of stock returns in net oil-exporting countries even after controlling for market …