Effect of Policy Reforms on Market Efficiency : Evidence from Dhaka Stock Exchange
Joint Authors
Yasmin, Shakila
Rahman, Mahmudur
Alam, Md. Mahmudul
Uddin, Md. Gazi Salah
Source
Economics Research International
Issue
Vol. 2011, Issue 2011 (31 Dec. 2011), pp.1-8, 8 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2011-03-23
Country of Publication
Egypt
No. of Pages
8
Main Subjects
Abstract EN
The paper tries to find evidence supporting the impact of continuous policy reforms on the market efficiency on the Dhaka Stock Exchange (DSE).
Different policies formed/reformed from 1994 to 2005 were categorized in eleven groups depending on their time of issue and subject matter.
To get the result, both nonparametric test (Kolmogrov-Smirnov normality test and run test) and parametric test (autocorrelation test, autoregression) have been performed.
Analyses were done for each policy group, and it is found that formed/reformed policies for DSE during the study period failed to improve the market efficiency even in the weak form level.
American Psychological Association (APA)
Alam, Md. Mahmudul& Yasmin, Shakila& Rahman, Mahmudur& Uddin, Md. Gazi Salah. 2011. Effect of Policy Reforms on Market Efficiency : Evidence from Dhaka Stock Exchange. Economics Research International،Vol. 2011, no. 2011, pp.1-8.
https://search.emarefa.net/detail/BIM-504530
Modern Language Association (MLA)
Alam, Md. Mahmudul…[et al.]. Effect of Policy Reforms on Market Efficiency : Evidence from Dhaka Stock Exchange. Economics Research International No. 2011 (2011), pp.1-8.
https://search.emarefa.net/detail/BIM-504530
American Medical Association (AMA)
Alam, Md. Mahmudul& Yasmin, Shakila& Rahman, Mahmudur& Uddin, Md. Gazi Salah. Effect of Policy Reforms on Market Efficiency : Evidence from Dhaka Stock Exchange. Economics Research International. 2011. Vol. 2011, no. 2011, pp.1-8.
https://search.emarefa.net/detail/BIM-504530
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-504530