The weak-form efficiency of the Taiwan share market

Chris Fawson (), Terry Glover, WenShwo Fang and Tsangyao Chang

Applied Economics Letters, 1996, vol. 3, issue 10, 663-667

Abstract: This paper evaluates monthly stock index price from the Taiwan stock market for evidence of weak form market efficiency. Four empirical methodologies are employed: the Ljung-Box Q test, the binomial distribution test, the runs test and the unit root test of stationarity in stock prices. Empirical evidence suggests that the monthly stock price for the Taiwan stock market exhibits weak-form efficiency.

Date: 1996
References: View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://www.informaworld.com/openurl?genre=article& ... 40C6AD35DC6213A474B5 (text/html)
Access to full text is restricted to subscribers.

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:taf:apeclt:v:3:y:1996:i:10:p:663-667

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/135048596355899

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().