Examining the first stages of market performance: A test for evolving market efficiency

Anna Zalewska-Mitura; Stephen G. Hall

doi:10.1016/S0165-1765(99)00074-9

Examining the first stages of market performance: A test for evolving market efficiency

Anna Zalewska-Mitura
, Stephen G. Hall

University of Bristol
London Business School
Imperial College London

Research output: Contribution to journal › Article › peer-review

63 Citations (SciVal)

Abstract

A new test of whether markets evolve through detecting changes in weak-form efficiency is proposed. The test is evaluated through Monte Carlo simulations. Empirical examples are provided for both developed and emerging markets.

Original language	English
Pages (from-to)	1-12
Number of pages	12
Journal	Economics Letters
Volume	64
Issue number	1
Early online date	16 Jul 1999
DOIs	https://doi.org/10.1016/S0165-1765(99)00074-9
Publication status	Published - 31 Jul 1999

Funding

This research was undertaken with support from the European Commission’s Phare ACE Programme 1995 and Phare Ace grant P96-6221-R.

Keywords

C5
Efficiency
Emerging stock markets
G1
Learning
Transition economies

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/S0165-1765(99)00074-9

Cite this

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title = "Examining the first stages of market performance: A test for evolving market efficiency",

abstract = "A new test of whether markets evolve through detecting changes in weak-form efficiency is proposed. The test is evaluated through Monte Carlo simulations. Empirical examples are provided for both developed and emerging markets.",

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KW - G1

KW - Learning

KW - Transition economies

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Examining the first stages of market performance: A test for evolving market efficiency

Abstract

Funding

Keywords

ASJC Scopus subject areas

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