Guidi, Francesco; Gupta, Rakesh; Maheshwari, Suneel - In: Journal of Emerging Market Finance 10 (2011) 3, pp. 337-389
In this article we test the weak form of the efficient market hypothesis for Central and Eastern Europe (CEE) equity markets for the period 1999–2009. To test weak-form efficiency in the markets, this study uses autocorrelation analysis runs test and variance ratio test. We find that...