Did mega-regional trade agreements reshuffle the financial influence of the US, China, and Japan in ASEAN? Evidence from the volatility-spillover effects

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annif.suggestionsJapan|People's Republic of China|international trade|Asia|trade agreements|economic development|economic crises|international relations|financial markets|Southeast Asia|enen
annif.suggestions.linkshttp://www.yso.fi/onto/yso/p105023|http://www.yso.fi/onto/yso/p104984|http://www.yso.fi/onto/yso/p9390|http://www.yso.fi/onto/yso/p105024|http://www.yso.fi/onto/yso/p7327|http://www.yso.fi/onto/yso/p4584|http://www.yso.fi/onto/yso/p6172|http://www.yso.fi/onto/yso/p5209|http://www.yso.fi/onto/yso/p7536|http://www.yso.fi/onto/yso/p105337en
dc.contributor.authorCao, Li
dc.contributor.authorJiang, Junhua
dc.contributor.authorPiljak, Vanja
dc.contributor.departmentfi=Ei tutkimusalustaa|en=No platform|-
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.orcidhttps://orcid.org/0000-0002-2066-5208-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2024-01-12T13:11:54Z
dc.date.accessioned2025-06-25T13:11:03Z
dc.date.issued2023-03-30
dc.description.abstractThe Trans-Pacific Partnership (TPP) and the succeeding Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were widely viewed as trade agreements aiming at containing the influence of China and raising that of the US and Japan in Asia. This study utilizes the outward volatility-spillover effect of the equity market as a proxy for a country’s financial influence and analyzes whether the signing of the TPP and CPTPP reshuffled the financial influence of the US, China, and Japan in the Association of Southeast Asian Nations (ASEAN). The study finds that the TPP and CPTPP did boost the financial influence of the US and Japan in some ASEAN countries; however, there is no evidence that they have reduced the financial influence of China in ASEAN.-
dc.description.notification©2023 Elsevier. This manuscript version is made available under the Creative Commons Attribution–NonCommercial–NoDerivatives 4.0 International (CC BY–NC–ND 4.0) license, https://creativecommons.org/licenses/by-nc-nd/4.0/-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.embargo.lift2026-03-30
dc.embargo.terms2026-03-30
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent13-
dc.identifier.olddbid19760
dc.identifier.oldhandle10024/16761
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/1645
dc.identifier.urnURN:NBN:fi-fe202401122587-
dc.language.isoeng-
dc.publisherElsevier-
dc.relation.doi10.1016/j.ribaf.2023.101937-
dc.relation.funderNational Social Science Foundation of China-
dc.relation.grantnumber19CJY034-
dc.relation.ispartofjournalResearch in International Business and Finance-
dc.relation.issn1878-3384-
dc.relation.issn0275-5319-
dc.relation.urlhttps://doi.org/10.1016/j.ribaf.2023.101937-
dc.relation.volume65-
dc.rightsCC BY-NC-ND 4.0-
dc.source.identifierWOS:000972029000001-
dc.source.identifierScopus:85151481989-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/16761
dc.subjectASEAN-
dc.subjectFinancial Influence-
dc.subjectTPP and CPTPP-
dc.subjectVolatility spillover-
dc.subject.disciplinefi=Laskentatoimi ja rahoitus|en=Accounting and Finance|-
dc.titleDid mega-regional trade agreements reshuffle the financial influence of the US, China, and Japan in ASEAN? Evidence from the volatility-spillover effects-
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä|en=A1 Peer-reviewed original journal article|sv=A1 Originalartikel i en vetenskaplig tidskrift|-
dc.type.publicationarticle-
dc.type.versionacceptedVersion-

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