August 2016
Intermediate to advanced
304 pages
10h 8m
English
With the collapse and dismemberment of the USSR in the early 1990s, and the move to free market economies in many Eastern European countries, a number of new frontier stock markets emerged. In the early years of their existence, there was great interest in whether these new frontier stock markets were informationally efficient and therefore potential investment opportunities. Unfortunately, some of the early econometric tests used to assess the level of informational efficiency had little statistical power to reject the null hypothesis. Therefore, this chapter reinvestigates these stock markets, ...
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