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Behaviour of excess stock return around earnings announcement day: a test of the efficiency of Kuala Lumpur stock exchange
(2010-10-13)
This study focuses attention on this aspect of market efficiency. Earnings per share are central to the valuation of equity securities. The extent to which the shock market digests the information contained in earnings ...
Behaviour of stock returns in the KLSE: a test of the random walk hypothesis
(2010-10-14)
A sample of 224 companies listed in the Kuala Lumpur Stock Exchange was taken for the period 1991-96. The serial correlations tests of varying lags and the runs tests were employed to test for the random walk theory. The ...