Testing the Weak-Form Efficiency of the United Arab Emirates Stock Market (Company Overview)
International Journal of Business 2004, Summer, 9, 3
-
- $5.99
-
- $5.99
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
June 22
LANGUAGE
EN
English
LENGTH
29
Pages
PUBLISHER
Premier Publishing, Inc.
SELLER
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
IPO Pricing and Executive Compensation.
2007
What is the Performance of Incubators? the Point of View of Coached Entrepreneurs.
2011
The Treatment of Credit Risk in the Basel Accord and Financial Stability.
2006
Executive and Strategic Leadership *.
2007
The Return in Hedge-Fund Strategies.
2005
Asset Allocation and Section 529 Plans.
2004