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Testing for Volatility and Market Efficiency of Uganda Securities Exchange

Journal of Research in Business, Economics and Management

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Field Value
 
Title Testing for Volatility and Market Efficiency of Uganda Securities Exchange
 
Creator Watundu, Susan
Kaberuka, Will
Mwelu, Noah
Warren, Tibesigwa
 
Description This study presents empirical evidence of volatility and market efficiency of Uganda Securities Exchange. Results indicate that the Uganda Securities Exchange exhibits a weak-form efficiency based on Generalized Autoregressive Conditional Heteroscedasticity (GARCH), Augmented Dickey Fuller (ADF) and the serial correlation tests. This may be attributed to few listed companies and less liquidity hence the need to implement the over the counter facility, two tier market, more listing and promotion of collective investment schemes. Firms and individuals should be encouraged to buy or sell securities outside their face values, as a means of encouraging financial activities in the economy.
 
Publisher Scitech Research Organisation
 
Date 2015-11-05
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.scitecresearch.com/journals/index.php/jrbem/article/view/438
 
Source Journal of Research in Business, Economics and Management; Vol 4 No 4: JRBEM; 437-445
2395-2210
 
Language eng
 
Relation http://www.scitecresearch.com/journals/index.php/jrbem/article/view/438/329
 
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