Show simple item record

dc.contributor.authorWorthington, Andrewen_US
dc.contributor.authorHiggs, Helenen_US
dc.contributor.editorRobert Faffen_US
dc.date.accessioned2017-05-03T15:14:06Z
dc.date.available2017-05-03T15:14:06Z
dc.date.issued2006en_US
dc.identifier.issn10309616en_US
dc.identifier.urihttp://hdl.handle.net/10072/13937
dc.description.abstractThis paper examines the weak-form market efficiency of Asian equity markets. Daily returns for ten emerging (China, India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Sri Lanka, Taiwan and Thailand) and five developed markets (Australia, Hong Kong, Japan, New Zealand and Singapore) are examined for random walks using serial correlation coefficient and runs tests, Augmented Dickey-Fuller, Phillips-Perron and Kwiatkowski, Phillips, Schmidt and Shin unit root tests and multiple variance ratio tests. The results, which are in broad agreement across the approaches employed, indicate that none of the emerging markets are characterised by random walks and hence are not weak-form efficient, while only developed markets in Hong Kong, New Zealand and Japan are consistent with the most stringent random walk criteria.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_US
dc.format.extent41894 bytes
dc.format.extent174038 bytes
dc.format.mimetypetext/plain
dc.format.mimetypeapplication/pdf
dc.languageEnglishen_US
dc.language.isoen_US
dc.publisherQUTen_US
dc.publisher.placeBrisbaneen_US
dc.publisher.urihttp://www.emeraldinsight.com/1030-9616.htmen_US
dc.relation.ispartofstudentpublicationNen_US
dc.relation.ispartofpagefrom54en_US
dc.relation.ispartofpageto63en_US
dc.relation.ispartofedition2006en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalAccounting Research Journalen_US
dc.relation.ispartofvolume19en_US
dc.rights.retentionYen_US
dc.subject.fieldofresearchcode340402en_US
dc.titleWeak-form market efficiency in Asian emerging and developed equity markets: Comparative tests of random walk behaviouren_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.rights.copyrightCopyright 2006 Queensland University of Technology. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.en_US
gro.date.issued2015-01-29T01:31:59Z
gro.hasfulltextFull Text


Files in this item

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record