Jirasakuldech, Benjamas; Emekter, Riza; Went, Peter - In: Review of Pacific Basin Financial Markets and Policies … 09 (2006) 01, pp. 97-127
fundamental value in any of the markets. Markov chain test results imply that markets in China, Malaysia, the Philippines, and …This study examines the return behavior of 15 emerging equity markets for persistent deviations from the fundamental … value hypothesis. The duration dependence test shows that rational expectations bubble do not cause deviations from …