Abstract
In Chapter 5, the discussion was concluded by creating three different portfolios for the Russian equity market according to individual securities’ transparency: the top-, medium-, and bottom-transparency portfolio. For the purpose of measuring relative market efficiency, this chapter will use these three portfolios and apply to them the variance ratio test discussed in chapter 6.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 1999 Kluwer Academic Publishers
About this chapter
Cite this chapter
(1999). Running the Numbers on a Frontier Market. In: Frontier Emerging Equity Markets Securities Price Behavior and Valuation. Springer, Boston, MA. https://doi.org/10.1007/978-0-585-30811-1_7
Download citation
DOI: https://doi.org/10.1007/978-0-585-30811-1_7
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-7923-8585-1
Online ISBN: 978-0-585-30811-1
eBook Packages: Springer Book Archive