How institutional development news moves an emerging market

Major moves in Colombia’s stock market in the 2000s correspond to major news of progress or setbacks in rebuilding the country’s institutions, shattered by widespread guerrilla insurgencies in the 1990s. This contrasts with prior work reporting no news on major market moves in the US, a country with...

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Autores:
Guzmán Vásquez, Alexander
Mehrotra, Vikas
Morck, Randall
Trujillo Dávila , María Andrea
Tipo de recurso:
Article of investigation
Fecha de publicación:
2020
Institución:
Colegio de Estudios Superiores de Administración
Repositorio:
Repositorio CESA
Idioma:
eng
OAI Identifier:
oai:repository.cesa.edu.co:10726/5081
Acceso en línea:
http://hdl.handle.net/10726/5081
https://doi.org/10.1016/j.jbusres.2019.10.009
Palabra clave:
Market efficiency
Noise trading
Institutions
Economic development
Rights
License
Acceso Restringido
id CESA2_a12846c9a4493b4936d38232d10f1d98
oai_identifier_str oai:repository.cesa.edu.co:10726/5081
network_acronym_str CESA2
network_name_str Repositorio CESA
repository_id_str
spelling Guzmán Vásquez, Alexandere6815926-cc9f-40cd-bb0e-f549642805cf600Mehrotra, Vikas4da8d95c-79c2-41fc-93d1-76554b5a43f8600Morck, Randallc74ebbae-3c93-4066-9d42-be12066496fd600Trujillo Dávila , María Andrea5b131e3f-c0dd-4f10-9a55-2909001129ad600Guzmán Vásquez, Alexander [0000-0001-7675-048X]Morck, Randall [0000-0001-7412-0222]Trujillo Dávila, María Andrea [0000-0002-9592-7890]Guzmán Vásquez, Alexander [55207224400]Mehrotra, Vikas [56240184400]Morck, Randall [6603869069]Trujillo Dávila, María Andrea [55206416700]2023-06-21T22:23:05Z2023-06-21T22:23:05Z2020-050148-2963http://hdl.handle.net/10726/5081instname:Colegio de Estudios Superiores de Administración – CESAreponame:Biblioteca Digital – CESArepourl:https://repository.cesa.edu.co/1873-7978https://doi.org/10.1016/j.jbusres.2019.10.009engElsevier Inc.Market efficiencyNoise tradingInstitutionsEconomic developmentHow institutional development news moves an emerging marketarticlehttp://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARThttp://purl.org/coar/version/c_71e4c1898caa6e32Acceso Restringidohttp://vocabularies.coar-repositories.org/access_rights/c_16ec/http://purl.org/coar/access_right/c_16ecMajor moves in Colombia’s stock market in the 2000s correspond to major news of progress or setbacks in rebuilding the country’s institutions, shattered by widespread guerrilla insurgencies in the 1990s. This contrasts with prior work reporting no news on major market moves in the US, a country with comparatively stable institutions. Colombian economy-level news during the institutional rebuilding phase may have been exceptionally economically significant. This suggests that stock market moves might usefully gauge the importance of institutional changes in other developing economies.https://orcid.org/0000-0001-7675-048Xhttps://orcid.org/0000-0001-7412-0222https://orcid.org/0000-0002-9592-7890https://www.scopus.com/authid/detail.uri?authorId=55207224400https://www.scopus.com/authid/detail.uri?authorId=56240184400https://www.scopus.com/authid/detail.uri?authorId=6603869069https://www.scopus.com/authid/detail.uri?authorId=55206416700112300319Journal of Business Research10726/5081oai:repository.cesa.edu.co:10726/50812023-10-02 19:22:30.19metadata only accessBiblioteca Digital - CESAbiblioteca@cesa.edu.co
dc.title.eng.fl_str_mv How institutional development news moves an emerging market
title How institutional development news moves an emerging market
spellingShingle How institutional development news moves an emerging market
Market efficiency
Noise trading
Institutions
Economic development
title_short How institutional development news moves an emerging market
title_full How institutional development news moves an emerging market
title_fullStr How institutional development news moves an emerging market
title_full_unstemmed How institutional development news moves an emerging market
title_sort How institutional development news moves an emerging market
dc.creator.fl_str_mv Guzmán Vásquez, Alexander
Mehrotra, Vikas
Morck, Randall
Trujillo Dávila , María Andrea
dc.contributor.author.spa.fl_str_mv Guzmán Vásquez, Alexander
Mehrotra, Vikas
Morck, Randall
Trujillo Dávila , María Andrea
dc.contributor.orcid.none.fl_str_mv Guzmán Vásquez, Alexander [0000-0001-7675-048X]
Morck, Randall [0000-0001-7412-0222]
Trujillo Dávila, María Andrea [0000-0002-9592-7890]
dc.contributor.scopus.none.fl_str_mv Guzmán Vásquez, Alexander [55207224400]
Mehrotra, Vikas [56240184400]
Morck, Randall [6603869069]
Trujillo Dávila, María Andrea [55206416700]
dc.subject.none.fl_str_mv Market efficiency
Noise trading
Institutions
Economic development
topic Market efficiency
Noise trading
Institutions
Economic development
description Major moves in Colombia’s stock market in the 2000s correspond to major news of progress or setbacks in rebuilding the country’s institutions, shattered by widespread guerrilla insurgencies in the 1990s. This contrasts with prior work reporting no news on major market moves in the US, a country with comparatively stable institutions. Colombian economy-level news during the institutional rebuilding phase may have been exceptionally economically significant. This suggests that stock market moves might usefully gauge the importance of institutional changes in other developing economies.
publishDate 2020
dc.date.issued.none.fl_str_mv 2020-05
dc.date.accessioned.none.fl_str_mv 2023-06-21T22:23:05Z
dc.date.available.none.fl_str_mv 2023-06-21T22:23:05Z
dc.type.none.fl_str_mv article
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.coar.none.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.driver.none.fl_str_mv info:eu-repo/semantics/article
dc.type.redcol.none.fl_str_mv http://purl.org/redcol/resource_type/ART
dc.type.coarversion.none.fl_str_mv http://purl.org/coar/version/c_71e4c1898caa6e32
format http://purl.org/coar/resource_type/c_2df8fbb1
dc.identifier.issn.none.fl_str_mv 0148-2963
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10726/5081
dc.identifier.instname.none.fl_str_mv instname:Colegio de Estudios Superiores de Administración – CESA
dc.identifier.reponame.none.fl_str_mv reponame:Biblioteca Digital – CESA
dc.identifier.repourl.none.fl_str_mv repourl:https://repository.cesa.edu.co/
dc.identifier.eissn.none.fl_str_mv 1873-7978
dc.identifier.doi.none.fl_str_mv https://doi.org/10.1016/j.jbusres.2019.10.009
identifier_str_mv 0148-2963
instname:Colegio de Estudios Superiores de Administración – CESA
reponame:Biblioteca Digital – CESA
repourl:https://repository.cesa.edu.co/
1873-7978
url http://hdl.handle.net/10726/5081
https://doi.org/10.1016/j.jbusres.2019.10.009
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.citationvolume.none.fl_str_mv 112
dc.relation.citationstartpage.none.fl_str_mv 300
dc.relation.citationendpage.none.fl_str_mv 319
dc.relation.ispartofjournal.none.fl_str_mv Journal of Business Research
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_16ec
dc.rights.local.none.fl_str_mv Acceso Restringido
dc.rights.coar.none.fl_str_mv http://vocabularies.coar-repositories.org/access_rights/c_16ec/
rights_invalid_str_mv Acceso Restringido
http://vocabularies.coar-repositories.org/access_rights/c_16ec/
http://purl.org/coar/access_right/c_16ec
dc.publisher.none.fl_str_mv Elsevier Inc.
publisher.none.fl_str_mv Elsevier Inc.
institution Colegio de Estudios Superiores de Administración
repository.name.fl_str_mv Biblioteca Digital - CESA
repository.mail.fl_str_mv biblioteca@cesa.edu.co
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