Findings and Discussion

With the research methods defined and the data samples explored, the focus now shifts to the presentation of the test results and the initial discussion of the statistical findings. Along with each empirical test presented in this chapter, key observations and findings will be presented and discussed. The overall conclusions and the interpretations of the findings in a broader context will be discussed in Chap. 7.

This chapter is structured according to the research questions. The chapter contains two main sections, each with two sub-sections. The first section discusses the findings from the tests of the two research questions on market integration whereas the second section explores the findings relating to the performance questions.