Are developing stock markets efficient evidence from recent Kuwaiti data
Joint Authors
al-Mujammad, Hisham I.
al-Anzi, Faysal S.
al-Furayyih, Mashari M.
Source
Arab Journal of Administrative Sciences
Issue
Vol. 24, Issue 1 (31 Jan. 2017), pp.61-79, 19 p.
Publisher
Kuwait University Academic Publication Council
Publication Date
2017-01-31
Country of Publication
Kuwait
No. of Pages
19
Main Subjects
Banking and Financial Sciences
Topics
- Socio-economic indicators
- Accounting
- Financial statements
- Financial markets
- Market economy
- Kuwait
- Kuwait Stock Exchange
Abstract EN
This study investigates the validity of the weak form of the Efficient Market Hypothesis as applied to the Kuwait Stock Exchange (KSE) using data for the 2000-2015 period and three sub-periods.
Applying statistical analysis and moving average rules, this study provides new evidence of the KSEs inefficiency.
In particular, the empirical results indicate that moving average strategies successfully predict the KSE index’s returns.
Furthermore, the sub period results suggest that the KSE will not achieve greater efficiency despite the introduction of new regulations, an upward trend in accounting disclosures, and the development of market microstructures.
American Psychological Association (APA)
al-Mujammad, Hisham I.& al-Furayyih, Mashari M.& al-Anzi, Faysal S.. 2017. Are developing stock markets efficient evidence from recent Kuwaiti data. Arab Journal of Administrative Sciences،Vol. 24, no. 1, pp.61-79.
https://search.emarefa.net/detail/BIM-848318
Modern Language Association (MLA)
al-Anzi, Faysal S.…[et al.]. Are developing stock markets efficient evidence from recent Kuwaiti data. Arab Journal of Administrative Sciences Vol. 24, no. 1 (2017), pp.61-79.
https://search.emarefa.net/detail/BIM-848318
American Medical Association (AMA)
al-Mujammad, Hisham I.& al-Furayyih, Mashari M.& al-Anzi, Faysal S.. Are developing stock markets efficient evidence from recent Kuwaiti data. Arab Journal of Administrative Sciences. 2017. Vol. 24, no. 1, pp.61-79.
https://search.emarefa.net/detail/BIM-848318
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 76-79
Record ID
BIM-848318