"This paper examines the random walk behaviour of a large number of Asian emerging and developed markets. Past studies of random walks and market efficiency in

The majority of efficient market research has focused on the major US and European securities market. Very few research studies have investigated the markets of

The efficient market hypothesis (EMH) maintains that all relevant information is fully and immediately reflected in stock prices and that investors will obtain

Efficient Market Hypothesis is the cornerstone of modern financial theories. As the tests of market efficiency firstly started from developed markets, the studi

Stock market integration between developing and emerging markets has numerous benefits for creating a global - yet stable - world economy. It increases competit