Lim, Kian Ping (2009) Efficiency tests of the UK financial futures markets and the impact of electronic trading systems : A note on relative market efficiency. Applied Economics Letters, 16 (11). pp. 1129-1132. ISSN 1350-4851
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Abstract
The literature on weak-form efficient market hypothesis (EMH) has experienced a phenomenal growth over the past few decades, with the empirical framework mostly directed towards testing the absolute version of market efficiency. Evans (2006) represents a small amount of studies that addressed the relative efficiency of financial markets. The present paper discusses the limitations of absolute market efficiency and surveys some measures proposed for assessing relative efficiency in extant literature.
| Item Type: | Article |
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| Keyword: | Assessment method, Electronics industry, Empirical analysis, Financial market, Future prospect, Trade. Eurasia, Europe, United Kingdom, Western Europe |
| Subjects: | H Social Sciences > HG Finance |
| Department: | SCHOOL > Labuan School of International Business and Finance |
| Depositing User: | ADMIN ADMIN |
| Date Deposited: | 30 Mar 2011 15:34 |
| Last Modified: | 13 Oct 2017 11:34 |
| URI: | https://eprints.ums.edu.my/id/eprint/2626 |
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