Stock-market efficiency in emerging markets: Evidience from Vietnamese stock market

Do, Thi Thanh Nhan; Le, Tuan Bach; Nguyen, Thanh Trung

dc.title	Stock-market efficiency in emerging markets: Evidience from Vietnamese stock market	en
dc.contributor.author	Do, Thi Thanh Nhan
dc.contributor.author	Le, Tuan Bach
dc.contributor.author	Nguyen, Thanh Trung
dc.relation.ispartof	Finance and Performance of Firms in Science, Education and Practice 2015
dc.identifier.isbn	978-80-7454-482-8
dc.date.issued	2015
dc.citation.spage	204
dc.citation.epage	216
dc.event.title	7th International Scientific Conference on Finance and Performance of Firms in Science, Education and Practice
dc.event.location	Zlín
utb.event.state-en	Czech Republic
utb.event.state-cs	Česká republika
dc.event.sdate	2015-04-23
dc.event.edate	2015-04-24
dc.type	conferenceObject
dc.language.iso	en
dc.publisher	Univerzita Tomáše Bati ve Zlíně (UTB)
dc.publisher	Tomas Bata University in Zlín	en
dc.relation.uri	https://web.archive.org/web/20180722041033/http://www.ufu.utb.cz/konference/sbornik2015.pdf
dc.subject	Efficient Market Hypothesis	en
dc.subject	Fama	en
dc.subject	autocorrelation	en
dc.subject	Vietnam	en
dc.description.abstract	The objective of this study is to find out whether the Vietnamese stock market is weak-form efficient. This paper applies data daily and weekly returns of VN-index and HNX-index in Hochiminh and Hanoi Stock Exchange, respectively from 2000 to 2013. The results obtained from the test indicate significant deviations from the random walk hypothesis of the stock returns in the Vietnamese market, in which the majority of data experience is positive correlations. Furthermore, the nonparametric runs test is used to determine the randomness of a price or a return sequence as an alternative. The test once again confirms that the Vietnamese stock market is not weak-form efficient.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1006471
utb.identifier.obdid	43874561
utb.identifier.wok	000374107300015
utb.source	d-wok
dc.date.accessioned	2016-07-26T14:58:36Z
dc.date.available	2016-07-26T14:58:36Z
utb.contributor.internalauthor	Do, Thi Thanh Nhan
utb.fulltext.affiliation	Do Thi Thanh Nhan, Le Tuan Bach, Nguyen Thanh Trung Contact information Do Thi Thanh Nhan Tomas Bata University and Ton Duc Thang University, Foreign Trade University 19 Nguyen Huu Tho Street, Tan Phong ward, District 7, HCM city, VN Email: dothithanhnhan@tdt.edu.vn Le Tuan Bach Ton Duc Thang University, Foreign Trade University 19 Nguyen Huu Tho Street, Tan Phong ward, District 7, HCM city, VN Email: dothithanhnhan@tdt.edu.vn Nguyen Thanh Trung Ton Duc Thang University, Foreign Trade University 19 Nguyen Huu Tho Street, Tan Phong ward, District 7, HCM city, VN Email: dothithanhnhan@tdt.edu.vn
utb.fulltext.dates	-
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