Stock Market Liberalization II

In my previous posting (click here), I provided an overview of the stock market liberalization indicators in the existing literature. This post will share some slides that provide a systematic literature review on the subject matter.

Before you download (click here), there are some short remarks:

  • These slides are extracted from my 2012 lecture at Labuan School of International Business and Finance for the course “Current Issues in International Financial Economics
  • The objective is to share with researchers the existing indicators that can be used when studying the effects of stock market liberalization.
  • The structure of this literature review has been used by my postgraduate student (Chang Kwok Boon) in his Master Thesis “Foreign Ownership and the Informational Efficiency of Malaysian Stocks”, and also papers to be extracted from the thesis.