Testing Efficiency Performance of an Underdeveloped Stock Market Report as inadecuate




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Abstract

Market inefficiency has influence on resource allocation, as price signals tend systematically understate or overstate the effects of information transmitted to the trading parties in the market. In this paper a number of statistical tests employed to assess the weak-form efficiency of Khartoum Stock Exchange KSE market. The finding of the paper indicates the inefficiency hypothesis cannot be rejected



Item Type: MPRA Paper -

Original Title: Testing Efficiency Performance of an Underdeveloped Stock Market-

English Title: Testing Efficiency Performance of an Underdeveloped Stock Market-

Language: English-

Keywords: efficiency, unit root, volatility-

Subjects: C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - GeneralG - Financial Economics > G1 - General Financial Markets > G12 - Asset Pricing ; Trading Volume ; Bond Interest RatesC - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes-





Author: Onour, Ibrahim

Source: https://mpra.ub.uni-muenchen.de/15020/







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