507
Views
35
CrossRef citations to date
0
Altmetric
Original Articles

The informational efficiency: the emerging markets versus the developed markets

Pages 485-487 | Published online: 26 Feb 2009
 

Abstract

The purpose of the article is to study the difference between the informational efficiency levels between the emerging and developed markets. We applied the symbolic time series analysis approach and the Shannon entropy in order to measure and rank the informational efficiency of 20 stock markets from 1 July 1997 to 14 December 2007. Three Asian markets take the first positions as the most efficient (Taiwan, Japan and Singapore). The last positions are taken by the ex-socialist countries as the most inefficient markets. The latter could be due to the lack of experience of these markets.

Log in via your institution

Log in to Taylor & Francis Online

PDF download + Online access

  • 48 hours access to article PDF & online version
  • Article PDF can be downloaded
  • Article PDF can be printed
USD 53.00 Add to cart

Issue Purchase

  • 30 days online access to complete issue
  • Article PDFs can be downloaded
  • Article PDFs can be printed
USD 205.00 Add to cart

* Local tax will be added as applicable

Related Research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.