Weak-Form Efficiency of The Kuala Lumpur Stock Exchange: An Application of Unit Root Analysis
Previous studies on the predictability efficiency of Kuala Lumpur Stock Exchange (KLSE) provide mixed evidence. Most of these studies did not altemptto control thinness of trading, drift and time-trend in the price series, which are peculiar characteristics of a developing securities market. This...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
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Universiti Putra Malaysia Press
1993
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| Online Access: | http://psasir.upm.edu.my/id/eprint/2988/1/Weak-Form_Efficiency_of_The_Kuala_Lumpur_Stock_Exchange.pdf |