Testing the efficiency market hypothesis for the colombian stock market

One of the basic assumptions of asset pricing models (CAPM and APT) is the efficiency of markets. This paper seeks to prove this requirement in its weak form, both for the General Index of the Stock Exchange of Colombia and for the Colombian market´s most representative assets. To this end, differen...

Full description

Autores:
Duarte-Duarte, Juan Benjamín
Mascareñas Pérez-Iñigo, Juan Manuel
Sierra-Suárez, Katherine Julieth
Tipo de recurso:
Article of journal
Fecha de publicación:
2014
Institución:
Universidad Nacional de Colombia
Repositorio:
Universidad Nacional de Colombia
Idioma:
spa
OAI Identifier:
oai:repositorio.unal.edu.co:unal/71910
Acceso en línea:
https://repositorio.unal.edu.co/handle/unal/71910
http://bdigital.unal.edu.co/36382/
Palabra clave:
efficient-market hypothesis
random walk
auto-regression
run test
BDS test
LB test and Bartlett test
Rights
openAccess
License
Atribución-NoComercial 4.0 Internacional