Weak form market efficiency and the determinants of share returns

Language: English

Published by LAP LAMBERT Academic Publishing Sep 2010, 2010

3838330420 / 9783838330426

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This item is printed on demand - Print on Demand Titel. Neuware -The study is performed on the Dhaka Stock Exchange (DSE), which is a newly established emerging market. The purpose of the study is two fold: first, to review the theoretical and empirical evidence on market efficiency and asset pricing both from developed and less developed markets; second, to empirically examine the degree of efficiency as well as the determinants of share returns on the Exchange. The results of the empirical analysis on weak form efficient market hypothesis on the DSE suggest that the return series are not independent and predictable, which violates the assumption of weak form efficiency. The empirical analysis on the determinants of share returns evidence that the critical condition of CAPM that is the positive relationship between beta and share return is rejected and the main implication of CAPM that investors hold large diversified portfolio is not supported on the Exchange. Based on the results of the empirical analysis, it also appears that the variables size, price to book value, volume of shares traded, earnings yield and cash flow yield have a significant influence on share returns on the DSE.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 300 pp. Englisch.…

Seller Inventory # 9783838330426

Title
Weak form market efficiency and the determinants of share returns
Author
Mobarek Asma
Publisher
LAP LAMBERT Academic Publishing Sep 2010
Publication year
2010
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3838330420
ISBN 13
9783838330426
Item weight
465 grams
Dimensions
220x150x18 mm

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

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