EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE
📄 Project Abstract
This research empirically tested the weak-form efficient market hypothesis of the Nigerian Stock Exchange (NSE) by hypothesizing normality of the return distribution series, random walk assumption and efficiency across time. Monthly all share indices of the NSE were examined for normal distribution and random walk from January 1993 to December 2007, as well as two sub-periods of January 1993 to December 1999 and January 2000 to December 2007. Our normality tests were made using skewness, kurtosis, Jarque-Bera and studentized range tests; whereas weak-form efficiency was tested using the nonparametric Runs test for both total and sub-sample periods. The monthly return series, in aspect of skewness and kurtosis, were found nonnormal, which can be categorized as negative skewness for all periods and playtykurtic distribution for total sample and sub sample2, while sub-sample1 showed leptokurtic distribution. Same thing resulted from J-B test and studentized range. As a result, null hypoth...
🔍 Key Research Areas Covered
- ✅ Literature Review & Theoretical Framework
- ✅ Research Methodology & Data Collection
- ✅ Data Analysis & Statistical Methods
- ✅ Findings & Results Discussion
- ✅ Recommendations & Conclusions
- ✅ References & Bibliography
📚 Complete Project Structure
- Problem Statement & Objectives
- Theoretical Framework & Related Studies
- Data Collection & Analysis Methods
- Findings & Statistical Analysis
- Recommendations & Future Research
- Questionnaires, Data, References
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EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE
Full Citation:
EMENIKE KALU ONWUKWE. (). EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE. African and General Studies, 40, 14858.
Citation Formats:
APA
EMENIKE KALU ONWUKWE. (). EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE. African and General Studies, 40, 14858.
MLA
EMENIKE KALU ONWUKWE. "EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE." African and General Studies, vol. 40, , pp. 14858.
Chicago
EMENIKE KALU ONWUKWE. "EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE." African and General Studies 40 (): 14858.
Full Citation:
EMENIKE KALU ONWUKWE. (). EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE. African and General Studies, 40, 14858.
Citation Formats:
APA
EMENIKE KALU ONWUKWE. (). EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE. African and General Studies, 40, 14858.
MLA
EMENIKE KALU ONWUKWE. "EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE." African and General Studies, vol. 40, , pp. 14858.
Chicago
EMENIKE KALU ONWUKWE. "EMPIRICAL TEST FOR WEAK-FORM EFFICIENT MARKET HYPOTHESIS OF THE NIGERIAN STOCK EXCHANGE." African and General Studies 40 (): 14858.
Document Details
| Author | EMENIKE KALU ONWUKWE |
|---|---|
| 📁 Field | Banking And Finance Project Topics |
| 🏷️ Type | Education project topics |
| Pages | 120 Pages |
| Words | 26309 words |
| 📘 Chapters | 1 to 5 Chapters |