Revisiting the weak-form efficiency of the Australian stock market

doi:https://doi.org/10.22495/cocv11i2p2

Revisiting the weak-form efficiency of the Australian stock market

Tong Tong,Bin Li,Omar M. Benkato-2014-01-01-Corporate Ownership and Control

TL;DRAbstract

We use recent daily data and several testing procedures to re-investigate the weak-form efficiency of the Australian stock of the top 50 companies across different industries. Contrary to most prior studies, our results suggest that the Australian market is weak-form efficient with little or no evidence for short-term return predictability.

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We use recent daily data and several testing procedures to re-investigate the weak-form efficiency of the Australian stock of the top 50 companies across different industries. Contrary to most prior studies, our results suggest that the Australian market is weak-form efficient with little or no evidence for short-term return predictability.

Keywords

PredictabilityMarket efficiencyStock marketBusinessStock (firearms)Financial economicsEfficient-market hypothesisMonetary economics

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