Please use this identifier to cite or link to this item:
https://mt.osce-academy.kg/handle/123456789/382| Title: | Chink in the Armor of Efficient Market Hypothesis: Case for Kazakhstan, Russia and Ukraine |
| Authors: | Estayev, Azamat |
| Keywords: | Efficient Market Hypothesis Market Kazakhstan Russia Ukraine |
| Issue Date: | 2014 |
| Abstract: | This paper examines the validity of the Efficient Market Hypothesis in its weak-form for four equity markets in Kazakhstan, Russia, and Ukraine. Serial correlation in returns, runs test, unit root tests and variance ratio tests of daily price index data reveal a rejection of efficiency. The results reported here stand in sharp contrast to the plethora of investigations that vindicate of this hypothesis. |
| URI: | https://mt.osce-academy.kg/handle/123456789/382 |
| Appears in Collections: | 2014 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Azamat Estayev.pdf Restricted Access | 428.17 kB | Adobe PDF | View/Open Request a copy |
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