Stock Market Efficiency : A Test of the Swedish Stock Market in the Weak Form
Background: A well-known study, similar to ours, was made in 1985 in America, showing that "loser" portfolios outperformed the market while "winner" portfolios earned less return than the market. This finding is not in accordance with the theory of efficient markets. If a market...
Main Authors: | , |
---|---|
Format: | Others |
Language: | English |
Published: |
Linköpings universitet, Ekonomiska institutionen
2003
|
Subjects: | |
Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-1536 |