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dc.contributor.author Mollah, A.S.
dc.date.accessioned 2011-05-20T13:51:04Z
dc.date.available 2011-05-20T13:51:04Z
dc.date.issued 2007
dc.identifier.citation Mollah, A.S. (2007) Testing weak-form market efficiency in emerging market: evidence from Botswana Stock Exchange, International Journal of Theoretical and Applied Finance, Vol. 10, No. 6, pp. 1077-1094 en_US
dc.identifier.issn 0218-4885
dc.identifier.uri http://hdl.handle.net/10311/800
dc.description.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. en_US
dc.language.iso en en_US
dc.publisher World Scientific, www.worldscientific.com en_US
dc.subject week form market effeciency en_US
dc.subject emerging market en_US
dc.title Testing weak-form market effeciency in emerging market: evidence from Botswana Stock Exchange en_US
dc.type Published Article en_US


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