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dc.contributor.authorKaradeniz, Erdinc
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorIskenderoglu, Ömer
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:28:05Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:28:05Z
dc.date.issued2012
dc.identifier.issn1993-6788
dc.identifier.urihttps://hdl.handle.net/20.500.12507/621
dc.descriptionWOS: 000302519400049en_US
dc.description.abstractThis study aims to investigate whether stock price returns are on a random walk for OECD countries. Using quarterly data for the 2005:1 - 2011:2 period, LM unit root test is employed which endogenously determines up to two structural breaks in level and trend. The empirical findings suggest a combination of random walk and mean reversion results for OECD countries. The results show that efficient market hypothesis (EMH) is confirmed in 13 out of 34 OECD countries. However, with regard to the panel unit root test, the OECD countries share price index returns are mean reverting which highlights the fact that the EMH is not valid.en_US
dc.language.isoengen_US
dc.publisherNATL ACAD MANAGEMENTen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectrandom walken_US
dc.subjectstructural Breaken_US
dc.subjectMean Reversionen_US
dc.subjectEfficient Market Ypothesisen_US
dc.titleAn ınvestıgatıon of effıcıent market hypothesıs ın oecd countrıesen_US
dc.typearticleen_US
dc.relation.journalActual Problems of Economıcsen_US
dc.contributor.departmentMeslek Yüksekokuluen_US
dc.contributor.authorIDOzturk, Ilhan -- 0000-0002-6521-0901; Karadeniz, Erdinc -- 0000-0003-2658-8490; Iskenderoglu, Omer -- 0000-0002-3407-1259en_US
dc.identifier.issue129en_US
dc.identifier.startpage398en_US
dc.identifier.endpage405en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US


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