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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 


Do U.S. Investors Benefit from Investing in Frontier Equity Markets?




Author(s): Ki C. Han, Sukhun Lee, David Y. Suk, Hyun Mo Sung

Citation: Ki C. Han, Sukhun Lee, David Y. Suk, Hyun Mo Sung, (2018) "Do U.S. Investors Benefit from Investing in Frontier Equity Markets?",  Journal of Accounting and Finance, Vol. 18, ss. 6, pp. 115-127

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This study examines whether investing in frontier markets is beneficial to U.S. investors. The results are not so encouraging. First, the change in currency exchange rate weakens the benefit of overseas
investment. Second, the correlations between the U.S. market and the frontier markets rose over time.
Third, most of the frontier markets in the sample scored lower Sharpe Ratios than the U.S. market.
Fourth, the frontier markets and their currency markets move in the same direction. Finally, frontier
markets are more sensitive to the U.S. market return when it falls rather than when it rises.