The Investigation of the Efficiency of Stock Price Index of TSE
The purpose of this article is to test whether the stock price Index of the Tehran Stock Exchange is located in the efficeent set of portfolios or not. In this paper the mehtod introduced by Elton, Gruber and padberg was used to determine the efficiency of the TSE stock price Index. The results show...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
1996-08-01
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| Series: | تحقیقات مالی |
| Online Access: | https://jfr.ut.ac.ir/article_26023_599e4e0e58307310b8c419faee748111.pdf |
| Summary: | The purpose of this article is to test whether the stock price
Index of the Tehran Stock Exchange is located in the efficeent set
of portfolios or not. In this paper the mehtod introduced by Elton,
Gruber and padberg was used to determine the efficiency of the
TSE stock price Index. The results showed that the TSE Index is
not located in the efficient set. |
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| ISSN: | 1024-8153 2423-5377 |