Normality and homoscedasticity of stock market returns: the case of Malaysian and some major stock markets
Many prior studies regarding the behavior of stock prices have shown that the stock prices are not normally distributed. Some offer stable Paretian to be the distribution, while some others offer the mixture of normals distribution. In this study of Malaysian and five major stock markets, it is show...
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1990
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| Online Access: | http://journalarticle.ukm.my/7931/1/752-1435-1-SM.pdf |