Market efficiency in baltic stock markets


Ekonomikos bakalauro darbas. Market efficiency in baltic stock markets. Introduction. Situation analysis. The role and importance of efficient capital markets. Economies of the baltic countries. Trading system and environment of the baltic stock exchanges. Development and performance of the baltic stock markets. Factors contributing to and impeding market efficiency in the baltic stock markets. Market participants. Information availability and financial disclosure. Limits to trading. Summary of the situation in the baltic stock markets. Theoretical background and empirics. Market efficiency in theory. Market efficiency and its forms. Market efficiency models. Impediments for researchers of market efficiency. The behavioural critique. Overview of existing studies (weak form efficiency in the stock markets). Studies on market efficiency in the baltic stock markets. Serial correlation tests for other markets. Day-of-the-week effect and momentum strategy in other markets. Empirical methods. Autocorrelation analysis. Unit root test. Day-of-the-week effect. Momentum strategy. Empirical analysis of market efficiency. Statistical tests. Autocorrelations analysis. Unit root test. Trading strategies. Day-of-the-week-effect. Momentum strategy. Practical implications, limitations and recommendations for future research. Conclusions. List of references. Appendices.

Market efficiency in baltic stock markets. (2013 m. Gegužės 20 d.). http://www.mokslobaze.lt/market-efficiency-in-baltic-stock-markets.html Peržiūrėta 2016 m. Gruodžio 08 d. 22:24