Fawson, Chris; Glover, Terry; Fang, Wenshwo; Chang, Tsangyao - In: Applied Economics Letters 3 (1996) 10, pp. 663-667
This paper evaluates monthly stock index price from the Taiwan stock market for evidence of weak form market efficiency. Four empirical methodologies are employed: the Ljung-Box Q test, the binomial distribution test, the runs test and the unit root test of stationarity in stock prices....