Are African Stock Markets Inefficient? New Evidence on Seasonal Anomalies

It is widely acknowledged that having efficient financial markets is paramount in the allocation of social resources to their most productive uses. This paper explores the informational efficiency of six of the most important African stock markets for indication of seasonal predictability in stock r...

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Bibliographic Details
Main Author: Lobão Júlio
Format: Article
Language:English
Published: Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house 2018-09-01
Series:Scientific Annals of Economics and Business
Subjects:
Online Access:http://www.degruyter.com/view/j/saeb.2018.65.issue-3/saeb-2018-0023/saeb-2018-0023.xml?format=INT