IDEAS home Printed from https://ideas.repec.org/a/aio/fpvfcf/v1y2008i8p117-125.html
   My bibliography  Save this article

Stock Markets and their informational inefficiencies - the BSE case

Author

Listed:
  • Ioan TRENCA
  • Adrian ZOICAS-IENCIU

    (Babes-Bolyai University Cluj-Napoca)

Abstract

The paper deals with the issue of stock market informational inefficiency differentiating between the main signals which indicate inefficiency manifestation within these markets. We discuss two main sources of inefficiency, price momentum and the mean reverting process, insisting on the causes of these departures. Also, we discuss the main stock market seasonal anomalies (the January effect, week end effect and the holiday effect) in the same time with those related tot the issuers’ characteristics (the size effect, value and growth stocks) keeping in touch with the main empirical results found in the case of the Bucharest Stock Exchange (BSE). In the end, the prediction capacity of different indicators to foresee future price evolution is carefully analyzed.

Suggested Citation

  • Ioan TRENCA & Adrian ZOICAS-IENCIU, 2008. "Stock Markets and their informational inefficiencies - the BSE case," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(8), pages 117-125, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2008:i:8:p:117-125
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/FPV/008-19.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    stock market; informational inefficiencies; efficient market; seasonal anomalies;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:fpvfcf:v:1:y:2008:i:8:p:117-125. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alina Manta (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.