Hassan, M. K.; Chowdhury, S. S. H. - In: Applied Financial Economics 18 (2008) 9, pp. 749-758
Using monthly data for market index and 46 actively traded individual firms from January 1991 through May 2003, we examine the efficiency of stock market of an emerging market. We employ a battery of tests including variance ratio tests to examine the efficiency issue of Bangladesh stock market....