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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Format: | Article |
Language: | English |
Published: |
Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house
2018-09-01
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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 |