Enninful, Kwesi; Dowling, Michael Mark - In: Applied Economics Letters 20 (2013) 9, pp. 863-868
Robust weak-form efficiency tests are conducted to examine market efficiency in two pan-European indices: the large capitalization EuroStoxx 50 and the small capitalization EuroStoxx Small from January 2000 to March 2012. Application of the nonparametric Belaire-Franch and Opong (2005) multiple...