the purpose of this article is to present the summary of all the research done on the weak form of efficient market hypothesis. these tests include normality test of return distribution, auto correlation test. run test and filter tests.

housing market in iran got out of recession in year 1384 and turn into abnormal growth. but following the housing price growth, which continued until 1386, it deals with the slowdown of the housing market and stable prices in the spring of 1387. afterward, decreasing trend in housing prices continued in the summer, in spite of increase in global housing prices. in this paper, it is investigated...

In the asset pricing literature, time-variation in market expected excess return tracked by financial ratios like dividend yield is typically attributed either to changing risk, related to the business cycle, or irrational mispricing. Extending the work on asset allocation and dividend yield by Kandel and Stambaugh (1996) to accommodate variation in risk as well as expected return, we develop B...

W exploit the information in the options market to study the variations of return risk and market prices of different sources of risk during the rise and fall of the Nasdaq market. We specify a model that accommodates fluctuations in both risk levels and market prices of different sources of risk, and we estimate the model using the time-series returns and option prices on the Nasdaq 100 tracki...

This paper investigates international stock market dynamics and their linkages. It uses factor models to extract stock market indicators from common cyclical stock components of industrialized countries, emerging markets, the BRICT, and global stock markets. We find that the stock market indicators for these groups are correlated with each other and with the global market factor. The BRICT disp...

5.1. Measurements of variables Dependent variable: firm performance Both accounting and market measures of firm performance are used to investigate the relationship between forms of shareholders and firm performance. The most common accounting profitability measure is return on assets. 23 Considering discretionary accounting measures that are the common critique for accounting data, core operat...

This study explores how the organizational culture represented by conventional market orientation practices influences B2B relationship outcomes and financial returns for production-centered supplier firms. The market orientation practices of 187 large-sized production-centered supplier firms in the U.S. Midwest region are empirically studied using both combined approach and component-wise appr...

This paper makes a thorough analysis of the return to tertiary education and education-occupation matching within the transition economy compared to a developed economy. We show through the example of the Russian Federation that the increase in the return to education which happened in previous years does not indicate that the labour market is becoming closer to that of developed countries. We ...