Market Efficiency within the German Stock Market: A Comparative Study of the Relative Efficiencies of the DAX, MDAX, SDAX and ASE Indices

Admin STARCEVİC; Timothy RODGERS

Article Details

Market Efficiency within the German Stock Market: A Comparative Study of the Relative Efficiencies of the DAX, MDAX, SDAX and ASE Indices

Authors:

Admin STARCEVİC | Timothy RODGERS

Publisher:

Econometric Research Association

Main Topics:

Sociology and anthropology | Management

Journal:

International Econometric Review 2011 Vol.3 Issue 1, pp.25-37

Document Type:

Article

Publication Date:

3/2011

Document Language:

English

Document ID (Org No.):

2000717722

Frequency:

Quarterly

eISSN:

1308-8815

pISSN:

1308-8793

Abstract:

 

It can be implied from the efficient market hypothesis that the more transparent a market is, then the more likely that the market will be efficient.     This paper is a study of whether the different transparency standards applied to the different indices quoted on the German stock market have any impact on their relative     efficiencies. It is found that the differences in transparency standards do have an impact on market efficiency. The case for a higher level of market efficiency in respect to     Prime Standard index stocks is reinforced by the additional finding that calendar anomaly effects appear to have only limited statistical significance.

Article Details

Market Efficiency within the German Stock Market: A Comparative Study of the Relative Efficiencies of the DAX, MDAX, SDAX and ASE Indices

Authors: Admin STARCEVİC | Timothy RODGERS

Publisher: Econometric Research Association

Main Topics: Sociology and anthropology | Management

Journal: International Econometric Review 2011 Vol.3 Issue 1, pp.25-37

Document Type: Article

Publication Date: 3/2011

Document Language: English

Document ID (Org No.): 2000717722

Frequency: Quarterly

eISSN: 1308-8815

pISSN: 1308-8793

Issues

Authors:

Admin STARCEVİC | Timothy RODGERS

Publisher:

Econometric Research Association

Main Topics:

Sociology and anthropology | Management

Journal:

International Econometric Review 2011 Vol.3 Issue 1, pp.25-37

Document Type:

Article

Publication Date:

3/2011

Document Language:

English

Document ID (Org No.):

2000717722

Frequency:

Quarterly

eISSN:

1308-8815

pISSN:

1308-8793