Series: IMF Working Papers
Author(s): Fabian Lipinsky , and Li Lian Ong
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 February 2014
Keywords: arbitrage pricing theory, Asian financial crisis, fundamentals, global financial crisis, idiosyncratic factors, integration, IOSCO, securities regulation, stock market, stock pricing
Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of size and cross-border investment activity, the region's markets are reputed to be more 'idiosyn...