文章基本信息

标题：Effect of Policy Reforms on Market Efficiency: Evidence from Dhaka Stock Exchange
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作者：Md. Mahmudul Alam ; Shakila Yasmin ; Mahmudur Rahman 等
期刊名称：Economics Research International
印刷版ISSN：2090-2123
电子版ISSN：2090-2131
出版年度：2011
卷号：2011
DOI：10.1155/2011/864940
出版社：Hindawi Publishing Corporation
摘要：The paper tries to find evidence supporting the impact of continuous policy reforms on the market efficiency on the Dhaka Stock Exchange (DSE). Different policies formed/reformed from 1994 to 2005 were categorized in eleven groups depending on their time of issue and subject matter. To get the result, both nonparametric test (Kolmogrov-Smirnov normality test and run test) and parametric test (autocorrelation test, autoregression) have been performed. Analyses were done for each policy group, and it is found that formed/reformed policies for DSE during the study period failed to improve the market efficiency even in the weak form level.