A Robust Test for Bubbles in Emerging Stock Markets

In this empirical study, I investigate whether emerging market stock prices can deviate from their fundamental values. Because standard tests are subject to size distortion, a new robust test due to Taylor and Peel (1998) is used here to test periodically collapsing emerging market stock price bubbles. The test results refute the bubble hypothesis

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Year of publication:	2007
Authors:	Doffou, Ako
Publisher:	[S.l.] : SSRN
Subject:	Spekulationsblase \| Bubbles \| Aktienmarkt \| Stock market \| Schwellenländer \| Emerging economies \| Robustes Verfahren \| Robust statistics \| Börsenkurs \| Share price

Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Financial and Economic Practice, Vol. 3, No. 1, Fall 2004
Classification:	C52 - Model Evaluation and Testing ; C12 - Hypothesis Testing ; G14 - Information and Market Efficiency; Event Studies
Source:	ECONIS - Online Catalogue of the ZBW

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