ICT penetration and stock market development: Empirical evidence from emerging market economies-Reference-Cited by-同舟云学术

ICT penetration and stock market development: Empirical evidence from emerging market economies

Published:2024 Issue: Volume: Page:15-23
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Container-title:XIX International May Conference on Strategic Management – IMCSM24 Proceedings - zbornik radova
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Author:

Bayar Yilmaz^ORCID

Abstract

Stock markets play a vital role for economic growth and development through providing capital to businesses and investment options to the investors. Therefore, determination of factors underlying stock market development is significant to make the economic progress. This study investigates the interaction between ICT indicators including internet usage, mobile cellular subscriptions, and fixed broadband subscriptions and stock market development in the emerging market economies over the 2001-2022 period through causality analysis. The results of the panel level causality analysis uncover a mutual interaction between ICT indicators and stock market development. However, the results of the cross-sectional causality analysis reveal that the interaction between ICT indicators and stock market development differs among the emerging market economies.

Publisher

University of Belgrade, Technical Faculty in Bor

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