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Bilateral investment treaty and stock market correlation: Africa & Middle East case
This paper attempts to study the effects of bilateral investment treaties between countries on their stock market correlation. The study focuses on Africa and Middle East countries and how their bilateral investment treaties with other countries affect the stock market correlation of their indices....
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| Format: | Thesis |
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AUC Knowledge Fountain
2020
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| _version_ | 1867613419002134528 |
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| access_status_str | Open Access |
| author | Asaad, Nada |
| author_browse | Asaad, Nada |
| author_facet | Asaad, Nada |
| author_sort | Asaad, Nada |
| collection | Thesis |
| dc_rights_str_mv | The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy. The author has granted the American University in Cairo or its agents a non-exclusive license to archive this thesis, dissertation, paper, or record of study, and to make it accessible, in whole or in part, in all forms of media, now or hereafter known. |
| description | This paper attempts to study the effects of bilateral investment treaties between countries on their stock market correlation. The study focuses on Africa and Middle East countries and how their bilateral investment treaties with other countries affect the stock market correlation of their indices. Some previous studies have ignored the effects of bilateral investment treaties on stock market correlation. Therefore, it is important to fill in this gap. The data examined are indices for Africa and Middle East countries who are involved in bilateral investment treaties with other countries to examine the effects of these bilateral investment treaties on the stock market correlation. Other macro economic variables are also examined to study their effects on stock market correlation. A fixed effect model is used to test 192 groups of African and Middle East countries with other countries having BIT and no BIT with them. The study shows that BIT has a positive effect on stock market correlation. While, it shows that openness to trade and membership of WTO have a negative impact on stock market correlation. |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-2487 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:50.652Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-2487 Bilateral investment treaty and stock market correlation: Africa & Middle East case Asaad, Nada This paper attempts to study the effects of bilateral investment treaties between countries on their stock market correlation. The study focuses on Africa and Middle East countries and how their bilateral investment treaties with other countries affect the stock market correlation of their indices. Some previous studies have ignored the effects of bilateral investment treaties on stock market correlation. Therefore, it is important to fill in this gap. The data examined are indices for Africa and Middle East countries who are involved in bilateral investment treaties with other countries to examine the effects of these bilateral investment treaties on the stock market correlation. Other macro economic variables are also examined to study their effects on stock market correlation. A fixed effect model is used to test 192 groups of African and Middle East countries with other countries having BIT and no BIT with them. The study shows that BIT has a positive effect on stock market correlation. While, it shows that openness to trade and membership of WTO have a negative impact on stock market correlation. 2020-09-13T07:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/1479 https://fount.aucegypt.edu/context/etds/article/2487/viewcontent/Thesis_Nada_20Asaad_20BIT_20.pdf The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy. The author has granted the American University in Cairo or its agents a non-exclusive license to archive this thesis, dissertation, paper, or record of study, and to make it accessible, in whole or in part, in all forms of media, now or hereafter known. Theses and Dissertations AUC Knowledge Fountain Stock Market Correlation and BIT |
| spellingShingle | Stock Market Correlation and BIT Asaad, Nada Bilateral investment treaty and stock market correlation: Africa & Middle East case |
| title | Bilateral investment treaty and stock market correlation: Africa & Middle East case |
| title_full | Bilateral investment treaty and stock market correlation: Africa & Middle East case |
| title_fullStr | Bilateral investment treaty and stock market correlation: Africa & Middle East case |
| title_full_unstemmed | Bilateral investment treaty and stock market correlation: Africa & Middle East case |
| title_short | Bilateral investment treaty and stock market correlation: Africa & Middle East case |
| title_sort | bilateral investment treaty and stock market correlation africa middle east case |
| topic | Stock Market Correlation and BIT |
| url | https://fount.aucegypt.edu/etds/1479 https://fount.aucegypt.edu/context/etds/article/2487/viewcontent/Thesis_Nada_20Asaad_20BIT_20.pdf |
| work_keys_str_mv | AT asaadnada bilateralinvestmenttreatyandstockmarketcorrelationafricamiddleeastcase |