Investigating stock market efficiency: a look at OIC member countries

The tremendous growth of emerging and developing markets bring forth new arenas ofresearch. One such area is the efficiency of stock markets. In light of the Efficient Mar-ket Hypothesis (EMH) several studies have been undertaken over the past two decade,with much focus being on developed markets an...

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Main Authors:	Arshad, Shaista, Rizvi, Syed Aun Raza, Mat Ghani, Gairuzazmi, Duasa, Jarita
Format:	Article
Language:	English
Published:	Elsevier 2016
Subjects:	H Social Sciences (General) HA Statistics HB Economic Theory HG Finance
Online Access:	http://irep.iium.edu.my/48068/ http://irep.iium.edu.my/48068/ http://irep.iium.edu.my/48068/ http://irep.iium.edu.my/48068/1/Investigating_stock_market_efficiency_A_look_at_OIC_member.pdf

id	iium-48068
recordtype	eprints
spelling	iium-480682016-12-22T08:10:53Z http://irep.iium.edu.my/48068/ Investigating stock market efficiency: a look at OIC member countries Arshad, Shaista Rizvi, Syed Aun Raza Mat Ghani, Gairuzazmi Duasa, Jarita H Social Sciences (General) HA Statistics HB Economic Theory HG Finance The tremendous growth of emerging and developing markets bring forth new arenas ofresearch. One such area is the efficiency of stock markets. In light of the Efficient Mar-ket Hypothesis (EMH) several studies have been undertaken over the past two decade,with much focus being on developed markets and certain developing countries. However,a dearth in literature is seen for this niche on Organization of Islamic Conference (OIC)member countries. Following the recent global crisis, attention on emerging and develop-ing markets have increased tremendously, questioning whether these countries’ market areapt in withstanding influxes of capital without crashing. The OIC despite its global presenceand potential has often been criticized about its stock markets, which are marred by under-development and illiquidity. This paper focuses on analysing the weak-form efficiency ofOIC member stock markets to determine their efficiency rankings during different business cycles. Our results are indicative of improving efficiency over the past decade. Elsevier 2016-01 Article PeerReviewed application/pdf en http://irep.iium.edu.my/48068/1/Investigating_stock_market_efficiency_A_look_at_OIC_member.pdf Arshad, Shaista and Rizvi, Syed Aun Raza and Mat Ghani, Gairuzazmi and Duasa, Jarita (2016) Investigating stock market efficiency: a look at OIC member countries. Research in International Business and Finance, 36. pp. 402-413. ISSN 0275-5319 http://www.sciencedirect.com/science/article/pii/S0275531915300313 10.1016/j.ribaf.2015.09.026
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HA Statistics HB Economic Theory HG Finance
spellingShingle	H Social Sciences (General) HA Statistics HB Economic Theory HG Finance Arshad, Shaista Rizvi, Syed Aun Raza Mat Ghani, Gairuzazmi Duasa, Jarita Investigating stock market efficiency: a look at OIC member countries
description	The tremendous growth of emerging and developing markets bring forth new arenas ofresearch. One such area is the efficiency of stock markets. In light of the Efficient Mar-ket Hypothesis (EMH) several studies have been undertaken over the past two decade,with much focus being on developed markets and certain developing countries. However,a dearth in literature is seen for this niche on Organization of Islamic Conference (OIC)member countries. Following the recent global crisis, attention on emerging and develop-ing markets have increased tremendously, questioning whether these countries’ market areapt in withstanding influxes of capital without crashing. The OIC despite its global presenceand potential has often been criticized about its stock markets, which are marred by under-development and illiquidity. This paper focuses on analysing the weak-form efficiency ofOIC member stock markets to determine their efficiency rankings during different business cycles. Our results are indicative of improving efficiency over the past decade.
format	Article
author	Arshad, Shaista Rizvi, Syed Aun Raza Mat Ghani, Gairuzazmi Duasa, Jarita
author_facet	Arshad, Shaista Rizvi, Syed Aun Raza Mat Ghani, Gairuzazmi Duasa, Jarita
author_sort	Arshad, Shaista
title	Investigating stock market efficiency: a look at OIC member countries
title_short	Investigating stock market efficiency: a look at OIC member countries
title_full	Investigating stock market efficiency: a look at OIC member countries
title_fullStr	Investigating stock market efficiency: a look at OIC member countries
title_full_unstemmed	Investigating stock market efficiency: a look at OIC member countries
title_sort	investigating stock market efficiency: a look at oic member countries
publisher	Elsevier
publishDate	2016
url	http://irep.iium.edu.my/48068/ http://irep.iium.edu.my/48068/ http://irep.iium.edu.my/48068/ http://irep.iium.edu.my/48068/1/Investigating_stock_market_efficiency_A_look_at_OIC_member.pdf
first_indexed	2023-09-18T21:08:17Z
last_indexed	2023-09-18T21:08:17Z
_version_	1777411081082241024

Investigating stock market efficiency: a look at OIC member countries

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