Asset Details
Do you wish to reserve the book?
ARE THE STOCK MARKETS ADAPTIVE? EVIDENCE FROM APPROXIMATE ENTROPY APPROACH
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
ARE THE STOCK MARKETS ADAPTIVE? EVIDENCE FROM APPROXIMATE ENTROPY APPROACH
Do you wish to request the book?
ARE THE STOCK MARKETS ADAPTIVE? EVIDENCE FROM APPROXIMATE ENTROPY APPROACH
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Conference Proceeding
ARE THE STOCK MARKETS ADAPTIVE? EVIDENCE FROM APPROXIMATE ENTROPY APPROACH
2019
Overview
In this paper, we address the question of whether the adaptive market hypothesis provides a better description of the behavior of both developed and emerging stock markets. We employ rolling approximate entropy to evaluate the hypothesis empirically. Using the daily stock indices from the 87 stock markets from both developed and emerging markets, we find strong evidence of evolution in the degree of stock market efficiency throughout the sample period although the degree of evolution varies from one window to other. The existence of evolutionary perspectives is associated with events such as uncertainties in the international oil prices, and sub-prime crisis followed by global economic meltdown among others. Further, the developed markets have the higher entropy values suggesting their higher degree of efficiency than their emerging counterparts.
Publisher
American Society of Business and Behavioral Sciences
Subject
