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1 of 1 people found the following review helpful:
4.0 out of 5 stars
The Mexican Stock Excange is efficient in the "weak" form.,
By A Customer
This review is from: Efficiency of the Mexican Stock Market (Developing Economies of the Third World) (Hardcover)
Dr. Hakim's book constitutes his dissertation for the Ph.D. degree in
Finance at Claremont University. It is one of the few published studies
about the efficiency of the Mexican Stock Exchange. He concludes that the
market is efficient in the "weak" form. To support his conclusions he
carefully compiled a series of stock prices for the main mexican stocks
and applied to them some "negotiating rules". First, he encounters evidence
which supports the idea of inefficiency; but, after taking in account"transaction
costs" he supports the efficiency of the market. This conclusion goes against
evidence presented elesewhere by other researchers of the mexican market, such
as, Castañeda, Mejia, and others.
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Efficiency of the Mexican Stock Market (Developing Economies of the Third World) by Miguel Hakim (Hardcover - February 1, 1992)
Used & New from: $29.88
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