Efficient market hypothesis: is the Croatian stock market as (in)efficient as the U.S. market
Traditional statistical tests of serial independence of stock price changes often show that stock markets are ineffi cient. Our analysis on daily and monthly data confirms this finding for the Croatian and U.S. markets in the 2002-2010 period.However, this result seems to be mainly due to the impact...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Institute of Public Finance
2011-09-01
|
| Series: | Financial Theory and Practice |
| Subjects: | |
| Online Access: | http://www.ijf.hr/upload/files/file/FTP/2011/3/sonje-alajbeg-bubas.pdf |