Weak Form Efficiency of the Nigerian Stock Market: An Empirical Analysis (1984 – 2009)

Weak Form Efficiency of the Nigerian Stock Market: An Empirical Analysis (1984 – 2009)

Show other versions (4)

This paper examines the weak-form of the efficient markets hypothesis for the Nigerian Stock Exchange (NSE) by testing for random walks in the monthly index returns over the period 1984-2009. The results of the non-parametric runs test show that index returns on the NSE display a predictable compone...

Full description

Bibliographic Details
Main Author: Pyemo Afego
Format: Article
Language:English
Published: EconJournals 2012-09-01
Series:International Journal of Economics and Financial Issues
Subjects:
random walk hypothesis
market efficiency
runs test
stock returns
nigeria
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/31954/351848?publisher=http-www-cag-edu-tr-ilhan-ozturk

Internet

https://dergipark.org.tr/tr/pub/ijefi/issue/31954/351848?publisher=http-www-cag-edu-tr-ilhan-ozturk

Similar Items