This study tests the weak form of the efficient capital markets theorem in five transition economies in Southeast Europe between 2005 and 2016. A panel pooled mean group estimator is used to examine the relationship between macroeconomic indicators and the performance of stock market indexes....

Chapter One: Introduction -- Chapter Two: Global and Southeast European Environment -- Chapter Three: Profiling Individual Capital Markets In The Selected Southeast European Countries -- Chapter Four: Research Statistical Approach Framework And Empirical Testing Results -- Chapter Five: Summary...