TY - JOUR TI - Analysing portfolio diversification opportunities in selected stock markets of North and South America and their impact on the textile sector: An empirical case study AU - Birau, Ramona AU - Spulbar, Cristi AU - Hamza, Ajmal AU - Abdullah, Ejaz AU - Minea, Elena Loredana AU - Zulfiqar, Ali Imran AU - Cercel, Mihai Ovidiu T2 - Industria Textila AB - This empirical study investigates the financial integration linkages among the sample stock markets of Canada, Mexico,United States (for both New York Stock Exchange, i.e. NYSE and NASDAQ), Panama, Brazil, Chile, Peru, Venezuela,Jamaica, Trinidad, and Tobago during the period from January 2001 to April 2019. This research study also examinesthe impact of selected stock market dynamics on the textile sector. International portfolio diversification has been animportant subject of research in financial fraternity since the emergence of Modern Portfolio Theory in 1952. This studyexamines the portfolio diversification opportunities in the 11 stock markets of Americas.International diversificationamong stock market indices has proven to be fruitful in the past. Certain tests have been used to determine opportunitiesfor diversification are correlation test, pairwise co-integration test, multiple co-integration test and granger causality test.The empirical results show that stock market indices share low correlation among other and they are not highlyco-integrated whereas results of Granger causality test exhibit an unidirectional relationship among few stock marketsin short run. DA - 2021/09/01/ PY - 2021 DO - 10.35530/IT.072.04.1808 DP - DOI.org (Crossref) VL - 72 IS - 04 SP - 398 EP - 407 SN - 12225347 ST - Analysing portfolio diversification opportunities in selected stock markets of North and South America and their impact on the textile sector UR - http://www.revistaindustriatextila.ro/images/2021/4/07%20RAMONA%20BIRAU%20Industria%20Textila%204_2021.pdf Y2 - 2021/09/08/04:32:04 ER -