TESTING THE RANDOM WALK HYPOTHESIS ON THE BUCHAREST STOCK EXCHANGE BET INDEX

Ionut Ionescu

Theoretical and Applied Economics, 2008, vol. 11(528)(supplement), issue 11(528)(supplement), 349-355

Abstract: The fundamental goal of this approach is the random walk hypothesis. This paper tests the random walk hypothesis for BET Index of the Bucharest Stock Exchange and the implications of this assumption. The random walk model of stock prices generates several important implications for practitioners.

Keywords: financial markets; stock exchange index; random walk; efficiency of the financial assets; econometrics. (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:349-355

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