Browsing by Subject "emerging market"

DSpace Home →
Browsing by Subject

Browsing by Subject "emerging market"

0-9
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

Or enter first few letters:

Sort by: Order: Results:

Now showing items 1-2 of 2

The General determinants of share returns: an empirical investigation on the Dhaka Stock Exchange

Mobarek, A.; Mollah, A.S. (World Scientific, www.worldscientific.com, NaN, 2005)

[more]

[less]

Abstract:

The paper investigates the underlying factors that determine share returns on the Dhaka Stock Ex change. The empirical analysis does not support the critical condition of the Capital Asset Pricing Model of a positive relationship between share return and beta. However, it shows that variables such as size, price to book, volume of shares traded, earnings yield and cash flow yield have a significant influence on share returns. The degree and direction of relationship among the variables are similar to other emerging markets, but are not always consistent with developed markets perhaps due to lack of homogeneous expectations regarding risk return characteristics and different market microstructure.

URI:

http://hdl.handle.net/10311/798

Files in this item: 1

Mobarek_RPBFMP_2005.pdf (2.071Mb)

Testing weak-form market effeciency in emerging market: evidence from Botswana Stock Exchange

Mollah, A.S. (World Scientific, www.worldscientific.com, NaN, 2007)

[more]

[less]

Abstract:

Market effeciency is an area enormous interest in the financial literature. Numerous researches conducted imperical in testing weak-form market effeciency in several stock markets and employed various techniques but the empirical evidence in controversial. Triangulation econometric approach is employed to assess the predictability of daily return series of the Botswana Stock Exchange (BSE) and to test the null hyphothesis of random walk model. The empirical results reject the null hypothesis of random walk model for the daily return series of BSE for the period of 1989-2005 and evidenced serial autocorrelation of return series, which clearly indicate predictability and volatility of security prices of Botswana market. However the empirical evidence of both non-parametric and parametric test reject the hypothesis of random walk model and indeed violate the notion of weak-form market efficiency.

URI:

http://hdl.handle.net/10311/800

Files in this item: 1

Mollah_IJTAF_2007.pdf (2.049Mb)

Now showing items 1-2 of 2

Search DSpace

Advanced Search

Browse

All of DSpace

My Account

My Exports
Login
Register

Contact Us | Send Feedback