Re-examining the Turkish stock market efficiency: Evidence from nonlinear unit root tests

O Gozbasi, I Kucukkaplan, S Nazlioglu - Economic Modelling, 2014 - Elsevier
This paper re-examines the efficient market hypothesis (EMH) in the Turkish stock market by
utilizing the recent developments in nonlinear unit root tests. To this end, we first employ the …

Investigating stock market efficiency: A look at OIC member countries

S Arshad, SAR Rizvi, GM Ghani, J Duasa - Research in international …, 2016 - Elsevier
The tremendous growth of emerging and developing markets bring forth new arenas of
research. One such area is the efficiency of stock markets. In light of the Efficient Market …

New evidence from the random walk hypothesis for BRICS stock indices: a wavelet unit root test approach

AK Tiwari, P Kyophilavong - Economic Modelling, 2014 - Elsevier
We examine the use of the random walk hypothesis on the BRICS stock indices. Our
examination of the stock indices uses a recently developed wavelet-based unit root test by …

Are stock prices a random walk? an empirical evidence of asian stock markets

S Rehman, IU Chhapra, M Kashif… - An Empirical Evidence of …, 2018 - papers.ssrn.com
Investigating if the market is efficient is an old issue as market efficiency is imperative for
channeling investments to best-valued projects and its importance endures. There is …

[PDF][PDF] Adaptive market hypothesis: Evidence from the Turkey stock market

Y Kılıç - Journal of Applied Economics and business research, 2020 - researchgate.net
Abstract Adaptive Market Hypothesis argues that Effective Market Hypothesis and calendar
anomalies may coexist. The focus of Adaptive Market Hypothesis is not any single behavior …

Does the efficient market theory in the weak form exist? Evidence From Indonesia

B Hadianto, H Hendrik… - Jurnal Manajemen …, 2021 - journals.telkomuniversity.ac.id
In the weak-form market efficiency theory, investors cannot predict the movement of all
prices because of randomness. This circumstance happens because of a quick market …

Examining the Nigerian stock market efficiency: Empirical evidence from wavelet unit root test approach

AI Lawal, TI Nwanji, IJ Adama… - Journal of Applied …, 2018 - eprints.lmu.edu.ng
This study examines the Efficient Market Hypothesis (EMH) using data sourced on monthly
bases on the Nigerian Stock Market. We employed recently developed frequency domain …

[HTML][HTML] Malaysian finance sector weak-form efficiency: Heterogeneity, structural breaks, and cross-sectional dependence

SC Kok, Q Munir - Journal of Economics, Finance and Administrative …, 2015 - Elsevier
This study examines the weak-form efficient market hypothesis (EMH) for the Finance Sector
in Malaysian Stock Exchange, by exploring and scrutinizing the firm-level efficiency over for …

Impacts of FRS139 adoption on value relevance of financial reporting in Malaysia

CY Gan, LL Chong, Z Ahmad - Managerial Finance, 2016 - emerald.com
Purpose–The purpose of this paper is to investigate the impacts of Financial Reporting
Standards (FRS) 139 adoption on value relevance of financial reporting for non-financial …

The relevance of heteroskedasticity and structural breaks when testing for a random walk with high-frequency financial data: Evidence from ASEAN stock markets

HH Lean, V Mishra, R Smyth - The Handbook of High Frequency …, 2015 - books.google.com
Beginning with the seminal contributions of Samuelson (1965) and Fama (1970), there is a
large literature, which tests for weak form of the efficient market hypothesis (EMH) in …