African stock markets: Multiple variance ratio tests of random walks

Applied Financial Economics

Volumn 12, Issue 7, 2002, Pages 475-484

  Smith, Graham ^a   Jefferis, Keith ^a   Ryoo, Hyun Jung ^a  

^a UNIVERSITY OF LONDON   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

COMPARATIVE STUDY; FINANCIAL MARKET; MARKET CONDITIONS; STOCK MARKET;

AFRICA;

EID: 0036291986     PISSN: 09603107     EISSN: None     Source Type: Journal    
DOI: 10.1080/09603100010009957     Document Type: Article

References (21)

1. A simple multiple variance ratio test
2. Relative power of t type tests for stationary and unit root processes
3. A table of percentage points of the distribution of the largest absolute value of k student t variates and its applications
4. Does the exchange rate follow a random walk? A Monte Carlo study of four tests for a random walk
5. Do Asian stock market prices follow random walks? Evidence from the variance ratio test
6. Stock market returns in thin markets: Evidence from the Vienna stock exchange
7. The development of stock markets in sub-Saharan Africa
8. Stock markets in Africa: Emerging lions or white elephants?
9. Stock market prices do not follow random walks: Evidence from a simple specification test
10. Korean stock prices under price limits: Variance ratio tests of random walks
11. Testing the random walk hypothesis: Power versus frequency of observations
12. Tests of random walk and market efficiency for Latin American emerging equity markets