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An Empirical Re-Examination of the Weak Form Efficient Markets Hypothesis of the Ghana Stock Market Using Variance-Ratios Tests
16 references·0 citing·47 second hop
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References

  • 2012The Econometrics of Financial Markets5,875 cited
  • 1988Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test3,745 cited
  • 1999Financial Development and Economic Growth: Views and Agenda2,978 cited
  • 1979Risk measurement when shares are subject to infrequent trading2,767 cited
  • 1977Estimating betas from nonsynchronous data2,751 cited
  • 1996Stock Market Development and Long-Run Growth1,108 cited
  • 1991Chaos and Nonlinear Dynamics: Application to Financial Markets1,046 cited
  • 1990The Dynamics of Stock Index and Stock Index Futures Returns803 cited
  • 1966Some New Stock-Market Indexes538 cited
  • 1993A simple multiple variance ratio test496 cited
  • 2000Alternative Variance-Ratio Tests Using Ranks and Signs394 cited
  • 1983Friction in the trading process and the estimation of systematic risk345 cited
  • 1994Mean Reversion of Standard & Poor's 500 Index Basis Changes: Arbitrage‐induced or Statistical Illusion?303 cited
  • 1999Stock Market Development and Long-Run Growth205 cited
  • 2002Return predictability in African stock markets195 cited
  • 2002

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African stock markets: multiple variance ratio tests of random walks
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