Reactions of stock returns to Moody's bond rating changes: An event study on the stock market efficiency in Southeast Asian emerging markets: Thailand, Indonesia and Philippines
Conventional wisdom has given us the idea that markets are efficient as security prices and returns reflect all relevant information hence the efficient market hypothesis. However, recent studies on market efficiency show the contrary. Studies by Hand, et al. (1992), Taib, et al. (2006) and Micu, et...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2012
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/8990 |
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| Institution: | De La Salle University |
| Language: | English |