Revisiting the weak-form efficiency of the Australian stock market
Abstract
We use recent daily data and several testing procedures to re-investigate the weak-form efficiency of the Australian stock of the top 50 companies across different industries. Contrary to most prior studies, our results suggest that the Australian market is weak-form efficient with little or no evidence for short-term return predictability.
Journal Title
Corporate Ownership & Control
Volume
11
Issue
2
Copyright Statement
© 2014 VirtusInterpress. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Subject
Accounting, auditing and accountability
Banking, finance and investment
Investment and risk management
Strategy, management and organisational behaviour