indicates the high risk and explains the dynamics of shareholders behavior, especially on Saturday and Tuesday, where utmost … important information is excreted. The findings highlight that the period of openness to domestic and foreign capital is … characterized by more important flow of information. Also the share prices have a memory, especially in the first sub-period, while …

indicates the high risk and explains the dynamics of shareholders behavior, especially on Saturday and Tuesday, where utmost … important information is excreted. The findings highlight that the period of openness to domestic and foreign capital is … characterized by more important flow of information. Also the share prices have a memory, especially in the first sub-period, while …

surprises in the reform process and the stock prices adjusted efficiently to the new information relating to the small and …