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Author: | Dragota, V. Mitrica, E. |
Title: | Emergent capital markets' efficiency: The case of Romania |
Journal: | European Journal of Operational Research
2004 : JUN, VOL. 155:2, p. 353-360 |
Index terms: | Capital markets Market efficiency Developing countries Liquidity Romania |
Language: | eng |
Abstract: | Many financial models are based on the efficient capital markets hypothesis. Therefore, the validation of this concept is an interesting investigation field, not only for the developed economies but also for the emergent ones. The results of this research could be useful to evaluate the applicability of these models in developing capital markets. For testing informational efficiency the authors focused on the Romanian case, using standard methods. |
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