Market Efficiency and News Dynamics: Evidence from International Equity Markets
This paper examines the efficient market hypothesis by applying monthly data for 15 international equity markets. With the exceptions of Canada and the U.S., the null for the absence of autocorrelations of stock returns is rejected for 13 out of 15 markets. The evidence also rejects the independence...
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| Format: | Article |
| Language: | English |
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MDPI AG
2019-02-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/7/1/7 |