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Testing The Hypothesis Of An Efficient Market In Terms Of Information – The Case Of The Capital Market In Romania During Recession

Author

Listed:
  • Vasile Radu Bratian

    (Lucian Blaga Unversity of Sibiu)

  • Claudiu Ilie Opreana

    (Lucian Blaga Unversity of Sibiu)

Abstract

This paper is trying to test the hypothesis of efficient market (EMH Efficient Market Hypothesis), the case of capital market in Romania during the economic financial crisis. According to the purpose in view our research is aiming at testing the hypothesis of random walk of stock exchange indexes BET, BET-C, BET_FI of Bucharest Stock Exchange. In this respect we will enforce statistic tests to see if the capital market in Romania is efficient in a weak form during this period.

Suggested Citation

  • Vasile Radu Bratian & Claudiu Ilie Opreana, 2010. "Testing The Hypothesis Of An Efficient Market In Terms Of Information – The Case Of The Capital Market In Romania During Recession," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 5(3), pages 79-106, December.
    • Handle: RePEc:blg:journl:v:5:y:2010:i:3:p:79-106
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/533bratian&opreana.pdf
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    Citations

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    Cited by:

    1. BRATIAN Vasile & BUCUR Amelia, 2017. "The Development And The Current Status Of The Capital Market Hypotheses: A Few Benchmarks," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 69(1), pages 22-28, April.
    2. Camelia Oprean, 2012. "Testing the financial market informational efficiency in emerging states," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 4(2), pages 181-190, Decembre.

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