Stock-market efficiency in thin-trading markets: the case of the Vietnamese stock market

[No Value] Truong Dong Loc, Ger Lanjouw*, Robert Lensink

*Bijbehorende auteur voor dit werk

OnderzoeksoutputAcademicpeer review

18 Citaten (Scopus)

Samenvatting

This article 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. This 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.

Originele taal-2English
Artikelnummer906980520
Pagina's (van-tot)3519-3532
Aantal pagina's14
TijdschriftApplied Economics
Volume42
Nummer van het tijdschrift27
DOI's
StatusPublished - 2010

Citeer dit