Testing weak form market efficiency for emerging economies: a nonlinear approach
| dc.authorscopusid | 16233626000 | |
| dc.authorscopusid | 55560384100 | |
| dc.contributor.author | Karadagli, E.C. | |
| dc.contributor.author | Omay, N.C. | |
| dc.date.accessioned | 2014-09-25T11:23:53Z | |
| dc.date.available | 2014-09-25T11:23:53Z | |
| dc.date.issued | 2012 | |
| dc.department | Çankaya University | en_US |
| dc.department-temp | Karadagli E.C., Cankaya University, Faculty of Economics and Administrative Sciences, Turkey; Omay N.C., Cankaya University, Turkey | en_US |
| dc.description.abstract | This paper examines weak form efficiency in eight CEE emerging markets by testing whether the stock price series of these markets contain unit root. The unpredictability of stock returns indicates that stock prices follow random walk and hence are characterized by a unit root. For this purpose, we employ unit root and nonlinear unit root tests along with their panel extensions. The results indicate weak form efficiency in linear sense. However the findings of nonlinear unit root test suggest inefficiencies for Russian, Romanian and Polish stock markets. Furthermore, nonlinear panel unit root test support inefficiency for the sample we investigated. | en_US |
| dc.description.publishedMonth | 6 | |
| dc.identifier.citation | Omay, N. C. (2010). Testing weak form market efficiency for emerging economies: a nonlinear approach. Yayımlanmamış yüksek lisans tezi. Ankara. Çankaya Üniversitesi Sosyal Bilimler Enstitüsü. | en_US |
| dc.identifier.endpage | 343 | en_US |
| dc.identifier.issn | 1843-6110 | |
| dc.identifier.issue | 3 | en_US |
| dc.identifier.scopus | 2-s2.0-84872582496 | |
| dc.identifier.scopusquality | N/A | |
| dc.identifier.startpage | 340 | en_US |
| dc.identifier.volume | 7 | en_US |
| dc.identifier.wosquality | N/A | |
| dc.language.iso | en | en_US |
| dc.relation.ispartof | Journal of Applied Economic Sciences | en_US |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| dc.rights | info:eu-repo/semantics/closedAccess | en_US |
| dc.scopus.citedbyCount | 4 | |
| dc.subject | Emerging Markets | en_US |
| dc.subject | Linear And Nonlinear Unit Root And Linear And Nonlinear Panel Unit Root | en_US |
| dc.subject | Market Efficiency | en_US |
| dc.title | Testing weak form market efficiency for emerging economies: a nonlinear approach | tr_TR |
| dc.title | Testing Weak Form Market Efficiency of Emerging Markets: a Nonlinear Approach | en_US |
| dc.type | Article | en_US |
| dspace.entity.type | Publication |