This paper investigated the weak axiom of the efficient market hypothesis (EMH) as it
applies to fifteen (15) leading stock markets in Africa. There are currently over twenty-nine …

This study examines the return predictability of two indices–the GSEALSH index and the
GSEFSII index on the Ghana stock market. We compare results from analyzing the return …

We investigated how the adaptive market hypothesis (AMH) offers better explanations for
stock return behaviour than the popular efficient market hypothesis (EMH) in the Tunisian …

We investigated predictability of the returns on three African stock markets within the AMH
framework. The study employed the BDS test as nonlinear predictability tool in addition to …

Recently, debate on stock market efficiency has shifted to the investigation of changes in
return predictability under different market conditions, notably in few developed markets …

This study investigated the efficiency market theory in four (4) selected African stock markets
(Nigeria, South Africa, Kenya and Morocco) proxied by their All-share indices from the …

In the context of the Adaptive Market Hypothesis (AMH), market efficiency is bound to
change in relation to market conditions. Current literature on the AMH in the Moroccan stock …

It takes a theory to beat a theory. However, whether the adaptive market hypothesis (AMH)
offers better explanations for stock return behaviour than the popular efficient market …

Bu çalışmanın amacı Türkiye döviz piyasası içerisinde bulunan varlıkları tarihsel fiyat
bilgileriyle getiri oranı tahmin edilebilirliği açısından karşılaştırmak ve Türkiye döviz …

Firstly, this paper is distinctive in that it employs a lengthy sample period that provides a
comprehensive view of how market efficiency has evolved throughout the annals of the …