TY - JOUR
T1 - Emerging Markets Integration in Latin America (MILA) Stock market indicators
T2 - Chile, Colombia, and Peru
AU - Lizarzaburu Bolaños, Edmundo R.
AU - Burneo, Kurt
AU - Galindo, Hamilton
AU - Berggrun, Luis
N1 - Publisher Copyright:
© 2015 Universidad ESAN.
PY - 2015/12/1
Y1 - 2015/12/1
N2 - This study aims to determine the impact of the Latin American Integrated Market (MILA) start-up in the main indicators of the stock markets of the countries that conform it (Chile, Colombia, and Peru). At the end, several indicators were reviewed to measure the impact on profitability, risk, correlation, and trading volume between markets, using indicators such as: annual profitability, standard deviation, correlation coefficient, and trading volume. The sample period runs from November 2008 to August 2013; and involves the three stock markets associated with MILA: Bolsa de Comercio de Santiago (BCS), Bolsa de Valores de Colombia (BVC) y Bolsa de Valores de Lima (BVL). An additional evaluation for further research would consist of the calculation of relevant indicators to corroborate the validity of the effects found in this investigation corresponding to the integration of the stock exchanges of Lima, Santiago and Bogota, after the integration of the Mexican stock exchange that occurred in 2014.
AB - This study aims to determine the impact of the Latin American Integrated Market (MILA) start-up in the main indicators of the stock markets of the countries that conform it (Chile, Colombia, and Peru). At the end, several indicators were reviewed to measure the impact on profitability, risk, correlation, and trading volume between markets, using indicators such as: annual profitability, standard deviation, correlation coefficient, and trading volume. The sample period runs from November 2008 to August 2013; and involves the three stock markets associated with MILA: Bolsa de Comercio de Santiago (BCS), Bolsa de Valores de Colombia (BVC) y Bolsa de Valores de Lima (BVL). An additional evaluation for further research would consist of the calculation of relevant indicators to corroborate the validity of the effects found in this investigation corresponding to the integration of the stock exchanges of Lima, Santiago and Bogota, after the integration of the Mexican stock exchange that occurred in 2014.
KW - Emerging markets
KW - Integration
KW - MILA
KW - Risk
UR - http://www.scopus.com/inward/record.url?scp=84949624706&partnerID=8YFLogxK
U2 - 10.1016/j.jefas.2015.08.002
DO - 10.1016/j.jefas.2015.08.002
M3 - Article
AN - SCOPUS:84949624706
SN - 2077-1886
VL - 20
SP - 74
EP - 83
JO - Journal of Economics, Finance and Administrative Science
JF - Journal of Economics, Finance and Administrative Science
IS - 39
ER -