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Orientador(es)
Resumo(s)
This paper aims to analyze the impact of the China-Pakistan Economic Corridor on the
volatility of the Pakistan Stock Exchange and Shanghai Stock Exchanges, namely, to
explore the pre and post-impact China investments in Pakistan in the energy sector on
the stock exchanges of the respective countries. The methods used include an econo-
metric analysis, and univariate statistical analysis, from February 2010 to January 2020.
The results present a significant difference in volatilities of the pre and post-returns of
both indices. Stock prices increased post-CPEC announcement in Pakistan, and there
was a growth in the stock market. However, the mean return post-CPEC announcement
is relatively lower than Pre-announcement tenure, combined with higher volatility. It
shows small investors’ underconfidence. The conclusion is the significant economic
advantages of CPEC to PK.
Descrição
Palavras-chave
China-pakistan economic corridor Volatility Mean reversion PSX indices
Contexto Educativo
Citação
Jesus-Silva, N., Dos-Santos, M. (2023). Impact of China-Pakistan economic investment on volatility of stock exchanges in Pakistan and Shanghai. In S. Nazir (ed.), Human factors in management and leadership. (Vol.92, pp.49-54). AHFE International. http://doi.org/10.54941/ahfe1003733
Editora
AHFE International