TESTING THE RANDOM WALK HYPOTHESIS ON THE BUCHAREST STOCK EXCHANGE BET INDEX

The fundamental goal of this approach is the random walk hypothesis. This paper tests the random walk hypothesis for BET Index of the Bucharest Stock Exchange and the implications of this assumption. The random walk model of stock prices generates several important implications for practitioners.

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Year of publication:	2008
Authors:	Ionescu, Ionut Teodor
Published in:	Theoretical and Applied Economics. - Asociaţia Generalā a Economiştilor din România - AGER. - Vol. 11(528)(supplement).2008, 11(528)(supplement), p. 349-355
Publisher:	Asociaţia Generalā a Economiştilor din România - AGER
Subject:	financial markets \| stock exchange index \| random walk \| efficiency of the financial assets \| econometrics

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005099680