Table 3.

Descriptive statistics of stock exchanges quotations

Pre-financializationBRACHIGERINDUKUSA
 IBOVESPA_1SHA_1DAX 30_1BOMB_1FTSE 100_1NYSE_1
Mean5,4639893,0459144,0583,977
Median4,9789602,3149093,6643,475
Minimum1.0002941,4205252,2812,304
Maximum17,0911,8436,9581,5226,9307,012
Stddev4,3403511,4061761,2811,496
Skewness0.2130.1010.7710.3060.6130.600
Kurtosis−1.163−0.891−0.8620.008−1.004−1.162
N2,0882,0882,0882,0882,0882,088
JB test134 p < 0.0573 p < 0.05271 p < 0.0533 p < 0.05218 p < 0.05243 p < 0.05
Post-financializationBRACHIGERINDUKUSA
 IBOVESPA_2SHA_2DAX 30_2BOMB_2FTSE 100_2NYSE_2
Mean50,1292,6077,6745,4895,9018,791
Median52,8122,5256,9825,2695,9778,316
Minimum8,3701,0632,2037053,2874,226
Maximum119,5306,39613,79014,1007,87714,525
Stddev26,0399183,0103,5041,0022,424
Skewness0.2820.7790.3790.371−0.2950.348
Kurtosis−0.4311.072−1.028−0.982−0.654−0.935
N5,4795,4795,4795,4795,4795,479
JB test114 p < 0.05817 p < 0.05372 p < 0.05346 p < 0.05177 p < 0.05310 p < 0.05

Notes:

Table records the descriptive statistics of Stock Indexes selected for the present analysis: Brazil (IBOVESPA), China (Shangai Index A), Germany (DAX30), India (Bombay S&P Stock Exchange Index), UK (Ftse 100) and USA (Nyse) – The suffix 1 refers to the pre-financialization period (January 1, 1992–December 31, 1999), while the suffix 2 refers to the post-financialization sample (January 3, 2000–December 31, 2020). All data except Skewness and Kurtosis are rounded

Source: Personal elaboration from Datastream (2021) 
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