Stock prices and the efficient market hypothesis: Evidence from a panel stationary test with structural breaks

Japan and the World Economy

Volumn 22, Issue 1, 2010, Pages 49-58

  Lee, Chien Chiang ^a   Lee, Jun De ^b   Lee, Chi Chuan ^c  

^a NATIONAL SUN YAT SEN UNIVERSITY   (Taiwan)

^b FORTUNE INSTITUTE OF TECHNOLOGY   (Taiwan)

^c NATIONAL CHENGCHI UNIVERSITY   (Taiwan)

Author keywords

Efficient market hypothesis; Multiple structural breaks; Panel data stationarity test; Real stock price; Unit root

Indexed keywords

EID: 73949160834     PISSN: 09221425     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.japwor.2009.04.002     Document Type: Article

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