A new variance ratio test of random walk in emerging markets: A revisit
Using a nonparametric variance ratio (VR) test, we revisit the empirical validity of the random walk hypothesis in eight emerging markets in the Middle East and North Africa (MENA). After correcting for measurement biases caused by thin and infrequent trading prevalent in nascent and small stock mar...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/977 https://ink.library.smu.edu.sg/context/lkcsb_research/article/1976/viewcontent/ContentServer__1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |