In the age of globalization, it is natural that the stock market of each country is not independent form the other markets. In this case, collective behavior could be emerged form their dependency together. This article studies the collective behavior of a set of forty influential markets in the world economy with the aim of exploring a global financial structure that could be called world-stoc...

BACKGROUND In the current era of strong worldwide market couplings the global financial village became highly prone to systemic collapses, events that can rapidly sweep throughout the entire village. METHODOLOGY/PRINCIPAL FINDINGS We present a new methodology to assess and quantify inter-market relations. The approach is based on the correlations between the market index, the index volatility...

This study investigates software companies’ international software development approaches for world markets. It has been conducted by a) analyzing the resource-based theory and cooperation and network theories, b) reviewing the literature in the field of international software product development for world markets, c) performing a case analysis of a software startup company’s international soft...

Using the detrended cross-correlation analysis (DCCA) coefficient and the detrendedpartial cross-correlation analysis (DPCCA) coefficient, we investigate cross-correlations and net cross-correlations among five major world gold markets (London, New York, Shanghai, Tokyo, and Mumbai) at different time scales. We propose multiscale influence measures for examining the influence of individual mark...

the process of economic globalization and integration has had a tremendous growth in recent years and the convergence of various economic sectors, including the financial markets is increasingly in the spotlight. this increasing trend has strengthened investors' interests in the subject of convergence among the world's stock markets and investors experimentally show a passion for unde...

Article history: Received 7 August 2009 Received in revised form 10 September 2009 Accepted 10 September 2009 Available online 19 September 2009 We investigate tail risk in emerging stock markets at the country, regional and world levels, by comparing the investable and noninvestable segments in terms of the expected shortfall of standardized returns and tail dependence on the world market. Emp...