期刊名称：International Journal of Economics and Finance Studies
电子版ISSN：1309-8055
出版年度：2013
卷号：5
期号：2
出版社：Social Sciences Research Society
摘要：We implemented several parametric and non-parametric tests to investigate random walk hypothesis and market efficiency theorem for Turkey’s two main markets, Turkish Derivatives Exchange and Borsa İstanbul(new name for İstanbul Stock Exchange). 12/02/2007 – 08/02/2013 period is our testing period and we used daily log returns. According to our findings in the very short term null hypothesis of random walk is accepted.
关键词：Efficient Markets; Random Walk; Borsa İstanbul; ISE; TurkDEX; runs test
