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• W2091811741 abstract "This paper examines whether Greece's financial market liberalization efforts have had any effects on the efficient operation of its equity market, the Athens Stock Exchange (ASE). Several tests for structural change, market integration, and efficiency, suggest that the ASE was weak-form efficient and was operating as a random walk even before any market liberalization announcements were made. Furthermore, the political uncertainties of the 1990s did not increase return volatility in the ASE in the postliberalization period. Overall, the results suggest that foreign and domestic investors were mostly guided by fundamentals and thus could not systematically engage in profitable undertakings." @default.
• W2091811741 created "2016-06-24" @default.
• W2091811741 creator A5077594059 @default.
• W2091811741 date "2004-08-01" @default.
• W2091811741 modified "2023-09-30" @default.
• W2091811741 title "Financial market liberalization and stock market efficiency: Evidence from the Athens Stock Exchange" @default.
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• W2091811741 doi "https://doi.org/10.1016/j.gfj.2004.06.001" @default.
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