Testing the weak-form efficiency in Middle Eastern financial markets: empirical evidence from the Palestine Exchange and its main competitors
The Efficient Market Hypothesis can be defined by the simple statement that “security prices fully reflect all available information”. (Fama 1991, p. 1575) While there are different levels of market efficiency, the focus of this paper is the weak-form, in which information sets include only historic...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2013
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| Online Access: | https://eprints.nottingham.ac.uk/26432/ |