Islam, Sardar M.N.; Watanapalachaikul, Sethapong; … - In: Journal of Emerging Market Finance 6 (2007) 3, pp. 291-302
efficiency for an emerging stock market, the Thai stock market, consisting of two tests—run–test and autocorrelation function … demonstrates that an autocorrelation on Thai stock market returns exists particularly during the post–crisis period. The … inefficiency of the Thai stock market follows on from the violation of the necessary conditions for an efficient market with a …