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المؤلفAlmujamed, Hesham I.
المؤلفMardini, Ghassan H.
المؤلفSalama, Mahmoud M.
تاريخ الإتاحة2015-10-18T06:55:02Z
تاريخ النشر2015-03
اسم المنشورStudies in Business and economic
الاقتباسAlmujamed, H. , Mardini, G. , Salama M. (2015), MARKET EFFICIENCY OF THE AMMAN STOCK MARKET: EVIDENCE FROM THE EXAMINATION OF TRADING RULES, 1: 51 - 68
الرقم المعياري الدولي للكتاب1818-1228
معرّف المصادر الموحدhttp://hdl.handle.net/10576/3570
الملخصThis paper tests the validity of the weak-form of the Efficient Market Hypothesis for the Amman Stock Exchange (ASE) for a full sample and three sub-periods of that spanning period 2000-2012. The research uses statistical analyses and moving average rules and offers further evidence of the inefficiency of the Amman stock market when applying trading rules. The empirical results indicate that moving average strategies are successful in predicting the returns for the ASE Index and outperforming the naive buy-and-hold strategy. However, the findings for the sub-periods suggest a certain degree of improvement toward the efficiency achieved by the Amman stock market that has occurred from recent developments such as the introduction of new regulations and the development of market microstructures.
اللغةen
الناشرQatar University
الموضوعAccounting Information
Market efficiency
Autocorrelation tests
Runs test
Trading rules
Moving average strategy
sub-periods
Amman Stock Exchange
العنوانMARKET EFFICIENCY OF THE AMMAN STOCK MARKET: EVIDENCE FROM THE EXAMINATION OF TRADING RULES
النوعArticle
الصفحات51 - 68
رقم العدد1
رقم المجلد18
dc.accessType Open Access


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