Efficiency of the Philippine stock market

The study examines the efficiency of the Philippine stock market using stock price movements during the period July 1987 to May 2004. Characterizing stock price movements as an AR(1) process with Laplace residuals, the statistical evidence supports the hypothesis that the Philippine stock market is...

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Veröffentlicht in:	Applied economics letters 2006-06, Vol.13 (7), p.463-470
1. Verfasser:	Aquino, Rodolfo Q.
Format:	Artikel
Sprache:	eng
Schlagworte:	Applied economics Changes Economic analysis Efficiency Financial research Market efficiency Philippines Securities markets Stock exchange Stock prices Studies
Online-Zugang:	Volltext
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