Do Asian stock market prices follow random walk? a revisit

This study re-examines the price behaviour of Asian stock markets in light of the random walk hypothesis. With a new statistical tool, namely the Brock-Dechert-Scheinkman (BDS) test, it is possible for researchers to detect more complex form of dependencies in series of financial returns that often...

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Bibliographic Details

Main Authors:	Lim, Kian Ping, Habibullah, Muzafar Shah, Hock, Ann Lee
Format:	Article
Language:	en
Published:	Universiti Utara Malaysia 2004
Subjects:	HG Finance
Online Access:	https://repo.uum.edu.my/id/eprint/261/1/Kian_Ping_Lim.pdf https://repo.uum.edu.my/id/eprint/261/ http://ijms.uum.edu.my
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