Title: An Empirical Analysis of the Informational Efficiency ofJordanian Equity Market
Abstract: This study takes the initiative to make a link among Amman stock exchange price index, financial
liberalization, and economic growth. In addition, it tests the efficient market hypotheses in the context of the
Jordanian equity market. Using Ng and Perron test, the results show that the Jordanian equity market is
informationally efficient in the weak  form and operating as a random walk. However, the results of Johansen and
Juselius multivariate test find three co-integrating relationship among variables. These results have important
policy implications for the development of equity market in Jordan and stock markets around the world.
Publication Year: 2020
Publication Date: 2020-01-01
Language: en
Type: article
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