Research Article
Evidence on the Efficient Market Hypothesis from 44 Global Financial Market Indexes
Table 2
The impact of time on the historical influence of global financial markets.
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The results are the OLS outputs of (5) and (6). The regression lines examine the attenuation of impact of the historical information. INDEX variable implies the world financial market. INDEXC/O/H/L/V refers to the close, open, high, low, and trading volume levels of the global markets. The statistical significance level of Granger causality test is . |