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dc.contributor.advisorŞengül, Gülnuren_US
dc.contributor.authorUnal, Mustafaen_US
dc.date.accessioned2016-01-08T20:10:13Z
dc.date.available2016-01-08T20:10:13Z
dc.date.issued1992
dc.identifier.urihttp://hdl.handle.net/11693/17427
dc.descriptionAnkara : The Department of Management and the Graduate School of Business Administration of Bilkent Univ., 1992en_US
dc.descriptionThesis (Master's) -- Bilkent University, 1992.en_US
dc.descriptionIncludes bibliographical references leaves 31-34.en_US
dc.description.abstractCapital markets play an important role in allocating the nation's capital resources. One way of evaluating their efficiency in this process is to examine the behavior of share prices. Efficient Market Hypothesis suggests that if this markets are efficient in weak sense then the resulting prices should change over time in a way such that past changes in prices should provide no clues to future changes, otherwise there would be opportunities for making profit and the markets would not be efficient. This study tests the weak form efficiency of the Stock Exchange. The data is composed of daily adjusted prices of twenty major stocks and covers the period January 1988 and December 1991. In the study, widely statistical tests and trade rules test were applied, randomness and distribution of daily prices Istanbul closing between accepted Independence, were tested statistically, while trade rules tests were used to find whether some mechanical trading rules (filtering) consistently and significantly profitable over a naive buy-and-hold policy. All tests used were against the weak form efficiency of the Istanbul Stock Exchange. For all of the sample stocks, it was found that people can beat the market by using appropriate filter rules.en_US
dc.description.statementofresponsibilityUnal, Mustafaen_US
dc.format.extent1 volumes (various pagings)en_US
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subject.lccHG5706.5.I88 U53 1992en_US
dc.subject.lcshStock exchanges--Turkey.en_US
dc.titleWeak form efficiency tests in Istanbul Stock Exchangeen_US
dc.typeThesisen_US
dc.departmentDepartment of Managementen_US
dc.publisherBilkent Universityen_US
dc.description.degreeM.S.en_US
dc.identifier.itemidBILKUTUPB002461


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