Random walks and market efficiency in European equity markets

By Andrew C. Worthington, H. Higgs. 2004

161 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d043674e22bebb897c2a0dad5074028e298b01e7

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Citations in the corpus

• Efficient market hypothesis in European stock markets (2008, methodology): “We follow the Worthington and Higgs (2004) approach of using several different tests, to avoid that a spurious result from one of the tests might affect our conclusions.”
• Testing the Weak Form of Efficient Market Hypothesis: Empirical Evidence from Asia-Pacific Markets (2010, unknown): “Worthington and Higgs (2004) investigated 20 European countries for the period August 1995 to May 2003 by applying serial correlation test, runs test for random walk, Augmented Dickey Fuller test (ADF) to test the stationarity and Lo and MacKinlay (1988) variance ratio test.”