Indian Stock Markets (BSE - NSE) are considered to be one of the most dynamic and emerging stocks market in the world. This piece of empirical work finds evidence on Market Efficiency precisely Weak Form of Market Efficiency and Behavioural Finance. The study uses a Dickey Fuller and Augmented...

This paper shows that persistent mispricing is consistent with a market that includes ambiguity-averse investors. In particular, ambiguity-averse investors may prefer to trade based on aggregate signals that reduce ambiguity at the cost of a loss in information. Equilibrium prices may therefore...

This paper examines how gambling-motivated trading affects aggregate financial market outcomes. Using a unique global gambling data set covering 39 countries, we show that the dollar volume of stock market gambling is at least 3.5 times the combined volume of “traditional” gambling outlets...

The research is comprised of empirical findings in making a clear perceptive of the sagacity of investors, stock returns, and stock market efficiency behavior in the theoretical frame of behavioral finance pattern. The analyses employed a long extent of Pakistan stock market Returns data from...

Purpose This study aims to investigate Malaysian stock market efficiency from the view of Sharīʿah-compliant and conventional stocks based on the effectiveness of technical trading strategies. Design/methodology/approach This study uses unconventional trading strategies that mix buy...

This paper examines the problem of information asymmetry between foreign, local, institutional and individual investors on the Bucharest Stock Exchange (BVB) for the period 2004-2011. Using monthly returns for individual companies listed on BVB, stock market indices during the seven years...