Download or read book Weak-form Market Efficiency in Asian Emerging and Developed Equity Markets written by Andrew Worthington and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper examines the random walk behaviour of a large number of Asian emerging and developed markets. Past studies of random walks and market efficiency in Asian equity markets have tended to focus on a single, often developed, market [see, for example, Groenewold and Kang (1993), Ayadi and Pyun (1994), Lian and Leng (1994), Huang (1995), Groenewold and Ariff (1998), Los (2000), Lee et al. (2001) and Ryoo and Smith (2002)]. The current analysis also includes a number of alternative, though complementary, testing procedures"--Page 3.