Articles by Burhan F. Yavas, PhD
Burhan F. Yavas, PhD, is an adjunct professor, working as a class advisor for Presidential Key Executive (PKE) MBA at the Graziadio School of Business and Management. He is also a professor in accounting and finance at California State University, Dominguez Hills (CSUDH). He consults for corporations and financial institutions in the areas of export-import management, market surveys business forecasting, and corporate strategy. He has lectured and written in a variety of publications, including the Management International Review, Journal of Multinational Financial Management, International Trade Journal, and Journal of Cross Cultural Management.
If equity markets are in fact integrated, an unexpected event in one market may influence not only returns, but also volatility (measured by standard deviation) in the other markets.
Knowing the correlations between the returns of various national markets is important for the process of allocating investments among these markets.