IDEAS home Printed from https://ideas.repec.org/a/icf/icfjfe/v05y2007i4p81-93.html
   My bibliography  Save this article

An Examination of Weak Form Efficiency of BSE 100 Index Companies

Author

Listed:
  • Ashutosh Verma
  • Nageshwar Rao

Abstract

This paper examines the weak form efficiency of the companies included in the BSE 100 index as on March 31, 2001 by applying serial correlation and run test. The analysis has been done for three years, i.e., 1998-1999, 1999-2000 and 2000-2001 taking the sample of share prices from April 1 to March 31. While the results for the first two years show that the market is not weak form efficient, the results of 2000-2001 indicate that the market is weak form efficient. The study raises an important question regarding the selection of the sample period. By analyzing the findings it can be said that the market is moving towards better assimilation and reflection of historical information in stock prices.

Suggested Citation

  • Ashutosh Verma & Nageshwar Rao, 2007. "An Examination of Weak Form Efficiency of BSE 100 Index Companies," The IUP Journal of Financial Economics, IUP Publications, vol. 0(4), pages 81-93, December.
    • Handle: RePEc:icf:icfjfe:v:05:y:2007:i:4:p:81-93
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    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:icf:icfjfe:v:05:y:2007:i:4:p:81-93. 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: G R K Murty (email available below). General contact details of provider: .

    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.