Managerial Finance: Volume 29 Issue 4

Return dynamics across the Asian equity markets

Emmanuel Anoruo, Sanjay Ramchander, Harold Thiewes

The degree of integration among different economies is an important issue in international economics and finance. This article employs daily stock market data for the period 1988…

Financial market liberalization and stock market efficiency: the case of Greece

Nikiforos T. Laopodis

This paper investigates the issue of whether financial market liberalization announcements in emerging economies have had any effects on the efficient operation of their equity…

Random‐walk and efficiency tests of Central European equity markets

Claire G. Gilmore, Ginette M. McManus

The existence of weak‐form efficiency in the equity markets of the three main Central European transition economies (the Czech Republic, Hungary, and Poland) is examined for the…

Asian financial crisis: the pre‐ and post‐crisis analysis of Asian equity markets

Amitava Chatterjee, O. Felix Ayadi, Balasundram Maniam

This study adds to the ongoing analysis of the long‐term impact of Asian financial crisis on the stock markets of eight Asian‐Pacific countries. Using current data to capture…

Macroeconomic factors and stock prices in the emerging Cypriot equity market

Dimitrios Tsoukalas

This study examines the relationships between macroeconomic factors and stock prices in Cyprus. Estimating a reduced form Vector Autoregressive model (VAR) we determine Granger…