Convergence to market efficiency of top gainers

Do market capitalization and stocks traded converge? New global evidence

“…While the convergence hypothesis is widely tested based on economic growth, recently applications to financial markets have become popular; see, inter alia, Brada et al (2005), Kim et al (2005Kim et al ( , 2006, Eun and Lee (2010), Su et al (2010), Orlowski (2005), and Elyasiani et al (2007). The works that come closest to our study are Fung (2009) and Mylonidis and Kollias (2010).…”

African Stock Market Performance Dynamics: A Multidimensional Convergence Assessment

“…Whereas, this convergence hypothesis has been widely tested in the economic growth dimension, recent applications to financial markets is gaining ground and becoming increasingly popular (Brada et al, 2005;Orlowski, 2005;Kim et al, 2005Kim et al, , 2006Elyasiani et al, 2007;Eun & Lee, 2010;Su et al, 2010;Narayan et al, 2011).…”

Does the digital divide across countries lead to convergence? New international evidence

“…The studies that connect the convergence literature to non-economic growth indicators, such as health expenditures, financial markets and tourism, were performed by Brada et al (2005); Kim et al (2005Kim et al ( , 2006; Narayan (2007);Fung (2009);Eun and Lee (2010); Su et al (2010); Narayan et al (2011) andPark et al (2015).…”