Investigating the behavior and characteristics of the Madrid Stock Exchange

Investigating the behavior and characteristics of the Madrid Stock Exchange

This study examines the efficiency and characteristics of the nine major indexes of the Madrid Stock Exchange from 1941 through 1992. The findings do not support weak form efficiency among the General, Bank, Construction, Investment, Metal-working, and Chemical Indexes. Results of the Utility, Food,...

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Veröffentlicht in:Journal of banking & finance 1996, Vol.20 (1), p.135-149
1. Verfasser: Ratner, Mitchell
Format: Artikel
Sprache:eng
Schlagworte:
Banking
Correlation analysis
Market
Market efficiency
Price indexes
Regression analysis
Spain
Stock exchange
Stock exchanges
Stock market
Studies
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Beschreibung
Zusammenfassung:This study examines the efficiency and characteristics of the nine major indexes of the Madrid Stock Exchange from 1941 through 1992. The findings do not support weak form efficiency among the General, Bank, Construction, Investment, Metal-working, and Chemical Indexes. Results of the Utility, Food, and Communications Index tests are not consistent.
ISSN:0378-4266
1872-6372
DOI:10.1016/0378-4266(94)00111-1