Are stock markets really efficient? Evidence of the adaptive market hypothesis
نویسندگان
چکیده
منابع مشابه
Stock returns predictability and the adaptive market hypothesis in emerging markets: evidence from India
ABSTRACT This study addresses the question of whether the adaptive market hypothesis provides a better description of the behaviour of emerging stock market like India. We employed linear and nonlinear methods to evaluate the hypothesis empirically. The linear tests show a cyclical pattern in linear dependence suggesting that the Indian stock market switched between periods of efficiency and in...
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ژورنال
عنوان ژورنال: International Review of Financial Analysis
سال: 2016
ISSN: 1057-5219
DOI: 10.1016/j.irfa.2016.06.011