Stock-Market Efficiency in Thin-Trading Markets: The Case of the Vietnamese Stock Market

Journal article | Zeitschriftenartikel

This paper reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. The article focuses on the question whether the market is weak-form efficient. An important element of the investigation concerns the possible bias of the results caused by the thin trading that characterizes the STC. Stock-market returns are corrected for this. The main conclusion is that the STC is not efficient in the weak form.

Angaben zum Objekt

• Umfang: Seite(n): 3519-
• Sprache: Englisch
• Anmerkungen: Status: Postprint; begutachtet (peer reviewed)

Verweise und Beziehungen

• Erschienen in: Applied Economics, 42(27)

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Truong, Loc Dong ; Lanjouw, Ger ; Lensink, Robert
• Ereignis: Veröffentlichung
• (wann): 2008

Weitere Informationen

• DOI: https://doi.org/10.1080/00036840802167350
• URN: urn:nbn:de:0168-ssoar-241823
• Rechteinformation: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Letzte Aktualisierung: 21.06.2024, 16:26 MESZ