TESTING THE EFFICIENT MARKET HYPOTHESIS FROM THE INFORMATIONAL POINT OF VIEW - THE CASE OF THE ROMANIAN CAPITAL MARKET

In this paper we aim to test the efficient market hypothesis (EMH), the case of the Romanian capital market. According to this purpose, our research aims to test the hypothesis of the random walk of the BET and BET-C stock indicators of the Bucharest Stock Exchange and to this end we apply statistical tests to detect whether the capital market in Romania is efficient in the weak form.

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Year of publication:	2010
Authors:	Radu, BRATIAN Vasile ; Adrian, TARAN-MOROSAN
Published in:	Revista Economica. - Facultatea de Ştiinţe Economice. - Vol. 53.1.2010, 6, p. 80-85
Publisher:	Facultatea de Ştiinţe Economice
Subject:	efficient capital market \| random walk \| stationarity tests \| normal distribution

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Extent:	application/pdf
Type of publication:	Article
Classification:	G14 - Information and Market Efficiency; Event Studies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010683762