English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

This article helps resolve the current unsatisfying and inclusive studies covering the efficiency of stock markets in developing countries. Previous studies have used limited data and partial statistical tests. We use a large, unique data set, across 12 countries, and a comprehensive set of traditional and recent statistical methods as well as powerful multiple-break unit root and spectral analysis tests, many of which have never been used to evaluate the efficient market hypothesis (EMH) in emerging markets. Our results confirm the rejection of the EMH for emerging markets. Our findings have important implications for investors and policy makers, suggesting the possibility for excess profits in these markets.

A Study of Market Efficiency in Emerging Markets Using Improved Statistical Techniques