Political, economic and legal risks are among the causes of market inefficiency and the consequent under-development of financial markets. To further the understanding of the factors affecting market development, this study evaluates the Athens Stock Exchange (ASE). The Greek market provides a...

This study evaluates one of the most important emerging markets, India, for its efficiency and for its potential to offer diversification benefits to international investors. Two of the markets in India are analyzed (Bombay Stock Exchange (BSE) and Indian National Exchange (INE)) for their...