Ntim, Collins G.; Opong, Kwaku K.; Danbolt, Jo; … - In: Managerial Finance 37 (2011) March, pp. 195-218
Purpose – The purpose of this paper is to investigate and compare the weak-form efficiency of a set of 24 African continent-wide stock price indices and those of eight individual African national stock price indices. Design/methodology/approach – Variance-ratio tests based on ranks and signs...
