Theoretical and Applied Economics
No. 9 / 2012 (574)
Testing weak form informational efficiency on the Romanian capital market
Bucharest Academy of Economic Studies
Eugen MITRICĂ
Bucharest Academy of Economic Studies
Abstract. The informational efficiency of the Romanian capital market was previously studied, by different approaches. The first condition that needs verification is that of weak form informational efficiency. The present paper aims to make contributions in this direction, namely to test weak form efficiency, on a sample composed of recent data, collected from the most liquid companies listed on our country’s capital market. For this approach, we use the unit root tests. The results are useful to potential investors, interested to find out whether they can or cannot obtain excessive earnings, by studying stock prices history.
Contents
Innovative clusters: a solution for the economic development of Romania
Corruption, democracy and bureaucracy
Testing weak form informational efficiency on the Romanian capital market
The impact of labour market imbalances on regional disparities in the post-crisis context
Laggards or performers? CEE vs. PIIGS countries’ catch-up with the Euro Area in the last ten years
Economy of Referential Preferences A new mathematical approach for choice theory and general equilibrium
The industry of copies – obstacle for the economic recovery. Examples from the markets
The road to the new economy
Globalization and the identity dilemma
Economic fundamentals: between consecration and contestation