Random walk down ses

• Main Authors: Foo, Shiang Peow, Tan, Kok Tong, Tan, Wee Heng
• Other Authors: Clement Chow
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/60146
• Institution: Nanyang Technological University

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...