ROMANIAN CAPITAL MARKET: RANDOM WALK OR WEAK FORM OF INEFFICIENCY?

Ana-Maria CALOMFIR (metescu) ()
Additional contact information
Ana-Maria CALOMFIR (metescu): Romanian Academy, Bucharest, Romania

Management Research and Practice, 2015, vol. 7, issue 4, 23-31

Abstract: A continuous and ongoing effort for the investment and academic area represents the possibility of shaping the financial assets’s behavior for obtaining forecasts with a high degree of accuracy with respect to the future rates of return. The goal of this paper is to consider forecasting the fluctuations of the security titles, starting from the hypothesis that those are influenced by past values; of course, this is not a complete approach, as in every moment the amount of data that an investor may possess is much richer than the amount of historical rates of return, but it represents a starting point for modeling the behavior of financial assets. The first condition that should be verified regarding Romanian capital market is weak-form market efficiency.

Keywords: random walk; market efficiency; information; capital markets. (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mrp.ase.ro/no74/f2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rom:mrpase:v:7:y:2015:i:4:p:23-31

Access Statistics for this article

Management Research and Practice is currently edited by Colesca Sofia

More articles in Management Research and Practice from Research Centre in Public Administration and Public Services, Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Colesca Sofia ().