The random walk behaviour of Malaysian stock market: evidence from individual stocks
This study re-examines the price behaviour of 77 individual stocks listed on Bursa Malaysia in light of the random walk hypothesis. With a new statistical tool, namely the Brock-Dechert-Scheinkman( BDS)test, it is possible to detect a more complex form of dependencies in series of financial returns...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | en |
| Published: |
2006
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| Subjects: | |
| Online Access: | https://eprints.ums.edu.my/id/eprint/18680/1/The%20random%20walk%20behaviour%20of%20Malaysian%20stock%20market.pdf https://eprints.ums.edu.my/id/eprint/18680/ |
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