MAKET EFFICIENCY IN A SMALL INDUSTRIALIZED COUNTRY: THE CASE OF DENMARK
This article examines the informational efficiency of the Copenhagen Stock Exchange (CSE) in Denmark. Following Famas(l970) three levels ofmarket efficiency, efficiency tests are applied to the CSE daily stock return datafrom January 1985 to March 1994. Besides the traditional random walk andfilter...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
1998-09-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150625124142-PFVIU.pdf |