Exploring the interwoven relationship: Property rights, financial freedom, government regulation, and stock market fluctuations in emerging economies - A novel system GMM perspective

• DOI: 10.1016/j.heliyon.2023.e23804
• Publication Date: 2023-12-19T05:02:32Z
• Authors: Muhammad Haroon Shah; Nianyong Wang; Huang De Chun; Ke Zhang; Irfan Ullah; Assad Ullah; Kashif Iqbal
• Keywords: Stock (firearms)

This study delves into the impact of formal institutions on stock market volatility within a selection emerging economies. Specifically, it examines role that play in shaping this volatility. To accomplish our goal, we analyze panel data from 46 nations spanning years 2000-2019, utilizing system generalized method moments (GMM), as well random and fixed effect models for estimations. The findings research validate existence significant association between Likewise, through dynamic estimation, discover such property rights, financial freedom, government regulations have notable negative Consequently, implies crucial reducing economies, fostering their development. insights gained encourage policymakers to view key influencers These results offer valuable guidance nations.