An empirical re-examination of the weak form efficient markets hypothesis of the Ghana stock market using variance-ratios tests
This study empirically re-examines the weak form efficient markets hypothesis of the Ghana Stock Market using a new robust non-parametric variance-ratios test in addition to its parametric alternative. The main finding is that stock returns are conclusively not efficient in the weak form, neither fr...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
2007-06.
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| Subjects: | |
| Online Access: | Get fulltext |