RAYHORN, CHARLES; HASSAN, M. KABIR; YU, JUNG-SUK; … - In: International Review of Finance 7 (2007) 1-2, pp. 21-34
This paper examines the efficiency of New Zealand's stock market by assessing the prevalence of thin trading, non-linearity and information asymmetry. We find that the efficiency of this emerging market has been enhanced over time due to regulatory changes and the transition of the New Zealand...