文章基本信息

标题：The Use of Runs Test in Amman Stock Exchange
本地全文：下载
作者：Sameer Elbarghouthi ; Amer Qasim ; Mohammed Yassin 等
期刊名称：International Business Research
印刷版ISSN：1913-9004
电子版ISSN：1913-9012
出版年度：2012
卷号：5
期号：2
页码：159
DOI：10.5539/ibr.v5n2p159
出版社：Canadian Center of Science and Education
摘要：This paper applies runs test - runs up and down, distributions of runs by length, and runs above and below -to examine whether ASE is weak form efficient. The empirical results obtained in this paper suggest that the price behavior in ASE does not follow the random walk model over time. However, this does not necessarily imply a violation of weak form efficiency (vice versa is not correct).