Weak form market efficiency and the determinants of share returns
Mobarek Asma
Broschiertes Buch

Weak form market efficiency and the determinants of share returns

A study on the Dhaka Stock Exchange

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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 f...