REVISITING THE (IN) EFFICIENCY OF EMERGING STOCK MARKETS
Previous evidence on market efficiency in emerging economies could be tainted by the presence of thin trading and price non-linearity. We examine the impact of thin trading by decomposing weekly stock returns into permanent and cyclical components and then subject the permanent component(correct ind...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2008-09-01
|
| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150622174725-1AWEV.pdf |