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| Author | : Carl B. McGowan |
| Publisher | : |
| Total Pages | : 15 |
| Release | : 1987 |
| Genre | : Stock price forecasting |
| ISBN | : |
| Author | : Kashif Hamid |
| Publisher | : |
| Total Pages | : 13 |
| Release | : 2017 |
| Genre | : |
| ISBN | : |
This empirical study is conducted to test the weak-form market efficiency of the stock market returns of Pakistan, India, Sri Lanka, China, Korea, Hong Kong, Indonesia, Malaysia, Philippine, Singapore, Thailand, Taiwan, Japan and Australia. Monthly observations are taken for the period January 2004 to December 2009. Autocorrelation, Ljung-Box Q-statistic Test, Runs Test, Unit Root Test and the Variance Ratio are used to test the hypothesis that the stock market follows a random walk. Monthly returns are not normally distributed, because they are negatively skewed and leptokurtic. In aggregate we concluded that the monthly prices do not follows random walks in all the countries of the Asian-Pacific region. The investors can take the stream of benefits through arbitrage process from profitable opportunities across these markets.
| Author | : Thangarajah Vadivelu |
| Publisher | : |
| Total Pages | : 192 |
| Release | : 2001 |
| Genre | : Efficient market theory |
| ISBN | : |
| Author | : Herald van der Linde |
| Publisher | : Marshall Cavendish International Asia Pte Ltd |
| Total Pages | : 274 |
| Release | : 2021-10-15 |
| Genre | : Business & Economics |
| ISBN | : 9815009524 |
A summary of how stock markets work for those looking to invest. This book is a practical guide to Asia’s stock markets for a general audience. It is for people who do not know much about financial markets but, for whatever reason, would like to learn more. They could be seasoned expatriate pilots, academics and other professionals, newcomers in the region as well as students or young men and women about to start in the finance industry. The idea is to cut through the alphabet soup of industry jargon to provide a clear understanding of how these markets work, how they differ from each other in size and depth, what unique features each stock market has and what drives all the different sectors in these markets – consumers, the internet, banks and technology. The book includes helpful history lessons and personal anecdotes drawn from the author’s 30 years in the world of Asian investments.
| Author | : Leighton Vaughan Williams |
| Publisher | : Cambridge University Press |
| Total Pages | : 412 |
| Release | : 2005-09-29 |
| Genre | : Business & Economics |
| ISBN | : 1139445405 |
The degree to which markets incorporate information is one of the most important questions facing economists today. This book provides a fascinating study of the existence and extent of information efficiency in financial markets, with a special focus on betting markets. Betting markets are selected for study because they incorporate features highly appropriate to a study of information efficiency, in particular the fact that each bet has a well-defined end point at which its value becomes certain. Using international examples, this book reviews and analyses the issue of information efficiency in both financial and betting markets. Part I is an extensive survey of the existing literature, while Part II presents a range of readings by leading academics. Insights gained from the book will interest students of financial economics, financial market analysts, mathematicians and statisticians, and all those with a special interest in finance or gambling.
| Author | : Qaiser Munir |
| Publisher | : Routledge |
| Total Pages | : 271 |
| Release | : 2016-10-04 |
| Genre | : Business & Economics |
| ISBN | : 1317270290 |
The efficient market hypothesis (EMH) maintains that all relevant information is fully and immediately reflected in stock prices and that investors will obtain an equilibrium rate of return. The EMH has far reaching implications for capital allocation, stock price prediction, and the effectiveness of specific trading strategies. Equity market anomalies reflect that the market is inefficient and hence, contradicts the EMH. This book gathers both theoretical and practical perspectives, by including research issues, methodological approaches, practical case studies, uses of new policy and other points of view related to equity market efficiency to help address the future challenges facing the global equity markets and economies. Information Efficiency and Anomalies in Asian Equity Markets: Theories and evidence is an insightful resource that will be useful for students, academics and professionals alike.
| Author | : Wing-Keung Wong |
| Publisher | : Mdpi AG |
| Total Pages | : 232 |
| Release | : 2022-02-17 |
| Genre | : Business & Economics |
| ISBN | : 9783036530802 |
The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.
| Author | : Samithamby Senthilnathan |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2015 |
| Genre | : |
| ISBN | : |
Empirical evidences in the literature seem not consistent about market efficiency, even for the same market. As some studies consistently accept the existence of efficiency and some reveal rejecting the efficient market hypothesis within the same markets investigated, this paper attempts to explore the extent to which the efficient market hypothesis becomes meaningful, beyond the perspective of different empirical analyses on market efficiency. Hence, this paper explores the empirical investigations carried out in the Asia and Pacific regions, except middle-east countries, to confirm which markets in the study area are efficient. The study demonstrates that the share markets in Thailand, Singapore, Japan and New Zealand are reasonably reflecting the efficiency, not in other countries, as per the reviewed literature by this study.
| Author | : Greg N. Gregoriou |
| Publisher | : CRC Press |
| Total Pages | : 654 |
| Release | : 2009-04-08 |
| Genre | : Business & Economics |
| ISBN | : 1420099558 |
Up-to-Date Research Sheds New Light on This Area Taking into account the ongoing worldwide financial crisis, Stock Market Volatility provides insight to better understand volatility in various stock markets. This timely volume is one of the first to draw on a range of international authorities who offer their expertise on market volatility in devel
| Author | : Hung-Gay Fung |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 195 |
| Release | : 2013-09-06 |
| Genre | : Business & Economics |
| ISBN | : 1781903123 |
This volume contributes to a fresh perspective on the economic and finance research on international financial markets and also the commodity markets by examining various factors that affect information transmission and pricing relation in the spot and derivatives markets in the United States and internationally.
