Testing the Weak-Form Efficiency of the United Arab Emirates Stock Market (Company Overview)
International Journal of Business 2004, Summer, 9, 3
-
- €2.99
-
- €2.99
Publisher Description
ABSTRACT This study examines the behavior of stock prices in United Arab Emirates (UAE) stock market. The data consist of the daily prices of the 43 stocks included in the Emirates market index covering the period commencing October 2, 2001 through September 1, 2003. The returns of all the 43 sample stocks do not follow the normal distribution, so the study utilizes only the nonparametric runs to test for randomness. The results reveal that the returns of 40 stocks out of the 43 are random at a 5% level of significance. Hence, the empirical study supports the weak-form EMH of UAE stock market.
GENRE
Business & Personal Finance
RELEASED
2004
22 June
LANGUAGE
EN
English
LENGTH
29
Pages
PUBLISHER
Premier Publishing, Inc.
PROVIDER INFO
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
298.2
KB
The Random Walk Model in the Pakistani Equity Market: An Examination.
1997
Indian Stock Market
2013
The Internationalisation of the Pakistani Stock Market: An Empirical Investigation (Capital MARKETS IN PAKISTAN)
1993
Information Efficiency and Anomalies in Asian Equity Markets
2016
Efficiency of the Warsaw Stock Exchange: Analysis of Selected Properties (Report)
2009
Financial Integration of Stock Markets in the Gulf: A Multivariate Cointegration Analysis (Report)
2003
Economic Relationships and Outlook of China, U.S., and Taiwan.
2002
Using Treasury "Repurchase" Shares to Stabilize Stock Markets.
2003
Taiwan and China Cross-Strait Negotiations: The International Connection (Report) (Conference Notes)
2002
Short-Term Dynamic Transmission and Long-Term Foreign Share Discount: Evidence from the Chinese Stock Markets (Company Overview) (Report)
2001
Meet the New China (Company Overview) (Conference Notes)
2002
The Influence of Organizational Capital on the Conception of the Enterprise Project.
2011