Market efficiency in emerging stock markets : A case study of the Vietnamese stock market

@inproceedings{Phan2014MarketEI,
  title={Market efficiency in emerging stock markets : A case study of the Vietnamese stock market},
  author={Khoa Cuong Phan and Jian Zhou},
  year={2014}
}
Investors and researchers have been paying increasing attention to the emerging stock markets. In this research we study whether or not weak-form efficiency, which is relatively popular in emerging stock markets, holds for the Vietnamese stock market. We check the random walk hypothesis for weekly stock market returns employing three statistical techniques namely autocorrelation test, variance ratio test, and runs test. Data for analysis was collected from July 28 th 2000 (the first trading… CONTINUE READING