Stock-market efficiency in thin-trading markets: the case of the Vietnamese stock market

C-Tier
Journal: Applied Economics
Year: 2010
Volume: 42
Issue: 27
Pages: 3519-3532

Authors (3)

Truong Dong Loc (not in RePEc) Ger Lanjouw (not in RePEc) Robert Lensink (Rijksuniversiteit Groningen)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This article reviews developments in the Stock Trading Centre (STC) in Ho Chi Minh City, Vietnam, the main stock market in the country, since its start in 2000. It presents information about developments in the number of stocks traded, trading activity and stock-price developments. This article focuses on the question whether the market is weak-form efficient. An important element of the investigation concerns the possible bias of the results caused by the thin trading that characterizes the STC. Stock-market returns are corrected for this. The main conclusion is that the STC is not efficient in the weak form.

Technical Details

RePEc Handle
repec:taf:applec:v:42:y:2010:i:27:p:3519-3532
Journal Field
General
Author Count
3
Added to Database
2026-01-25