Random walk tests for the Lisbon stock market
This paper reports the results of tests on the weak-form market efficiency applied to the PSI-20 index prices of the Lisbon Stock Market from January 1993 to December 2006. As an emerging stock market, it is unlikely that it is fully information-efficient, but we show that the level of weak-form eff...
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| Formato: | workingPaper |
| Idioma: | eng |
| Publicado em: |
2010
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| Assuntos: | |
| Texto completo: | http://hdl.handle.net/10400.5/2582 |
| País: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/2582 |