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REVISITING THE WEAK-FORM EFFICIENCY OF THE AUSTRALIAN STOCK MARKET
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Tong Tong, Bin Li 
, Omar M. Benkato
Abstract
We use recent daily data and several testing procedures to re-investigate the weak-form efficiency of the Australian stock of the top 50 companies across different industries. Contrary to most prior studies, our results suggest that the Australian market is weak-form efficient with little or no evidence for short-term return predictability.
Keywords: Australian Stock Market, Weak-Form Market Efficiency, Short-Term Predictability, Filter-Rules Test
How to cite this paper: Tong, T., Li, B. & Benkato, O. (2014). Revisiting the weak-form efficiency of the Australian stock market. Corporate Ownership & Control, 11(2), 21-28. https://doi.org/10.22495/cocv11i2p2
