The weak-form efficiency of the Taiwan share market

被引：15

作者：

Fawson, C ^{[1
]}

Glover, TF ^{[1
]}

Fang, WS ^{[1
]}

Chang, TY ^{[1
]}

机构：

[1] FENG CHIA UNIV,GRAD INST ECON,TAICHUNG 40724,TAIWAN

来源：

APPLIED ECONOMICS LETTERS | 1996年 / 3卷 / 10期

关键词：

D O I：

10.1080/135048596355899

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper evaluates monthly stock index price from the Taiwan stock market for evidence of weak form market efficiency. Four empirical methodologies are employed: the Ljung-Box Q test, the binomial distribution test, the runs test and the unit root test of stationarity in stock prices. Empirical evidence suggests that the monthly stock price for the Taiwan stock market exhibits weak-form efficiency.

引用

页码：663 / 667

页数：5

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