Random walk down ses

Several studies have reported empirical evidence that stock returns are contrary to the random walk hypothesis. Although capital market efficiency has been a popular area for research in financial economics, most of the documented work has been on developed markets like the NYSE. Relatively little w...

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Bibliographic Details
Main Authors: Foo, Shiang Peow, Tan, Kok Tong, Tan, Wee Heng
Other Authors: Clement Chow
Format: Final Year Project
Language:English
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/10356/60146
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Institution: Nanyang Technological University
Language: English
Description
Summary:Several studies have reported empirical evidence that stock returns are contrary to the random walk hypothesis. Although capital market efficiency has been a popular area for research in financial economics, most of the documented work has been on developed markets like the NYSE. Relatively little work has been carried out on our local stock market. This project is not a redress in any way, but only sets out to investigate the general behavior of our market and investors.