• emerging capital market efficiency: a comparative analysis of weak-form efficiency in romania and hungary in the context of the global financial crisis

    نویسندگان :
    جزئیات بیشتر مقاله
    • تاریخ ارائه: 1392/07/24
    • تاریخ انتشار در تی پی بین: 1392/07/24
    • تعداد بازدید: 940
    • تعداد پرسش و پاسخ ها: 0
    • شماره تماس دبیرخانه رویداد: -
     this paper examines in a comparative manner the weak-form efficiency in the case of two emerging capital markets, the bucharest stock exchange and the budapest stock exchange, in the context of the global financial crisis. the study includes both a theoretical part and a section of original research. efficient market hypothesis has been an important and widely accepted issue of classical finance for a long period of time. an emerging capital market, like the bucharest stock exchange or the budapest stock exchange, is characterized by deep functional, structural and institutional dysfunctions. the analysis on which this article is built is based on the daily price of bucharest stock exchange indices: bet and bet-c, as well as on daily price of budapest stock exchange indices: bux and bumix during the period of january 2007 to november 2011.

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