substantiated truth in 1978. The claims of EMH have been challenged by behavioural theory (which shows that individuals do not act … to maximise their utility as asserted by neoclassical economists), entrepreneurial theory (which explains share price …, securities prices move freely, and sometimes volatile and unpredictable. This article argues that in the absence of objective …

This paper canvasses the trends in self-regulation and the role of self-regulation in securities markets in different … securities markets regulation, particularly in emerging markets. Use of self-regulation and self-regulatory organizations is … often recommended in emerging markets as part of a broader strategy aimed at improving the effectiveness of securities …

directly from the market model. Econometric testing on equities traded at the Australian Securities Exchange (ASX) based on a …

This paper canvasses the trends in self-regulation and the role of self-regulation in securities markets in different … securities markets regulation, particularly in emerging markets. Use of self-regulation and self-regulatory organizations is … often recommended in emerging markets as part of a broader strategy aimed at improving the effectiveness of securities …