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Stock-Market Efficiency in Thin-Trading Markets: The Case of the Vietnamese Stock Market

[Zeitschriftenartikel]

Truong, Loc Dong; Lanjouw, Ger; Lensink, Robert

Zitationshinweis

Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-241823

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Abstract This paper reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. The article focuses on the question whether the market is weak-form efficient. An important element of the investigation concerns the possible bias of the results caused by the thin trading that characterizes the STC. Stock-market returns are corrected for this. The main conclusion is that the STC is not efficient in the weak form.
Sprache Dokument Englisch
Publikationsjahr 2008
Seitenangabe S. 3519-
Zeitschriftentitel Applied Economics, 42 (2008) 27
DOI http://dx.doi.org/10.1080/00036840802167350
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)
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