Tests de lEfficience du Marche Financier Marocain

Tests de lEfficience du Marche Financier Marocain

Chiny Faycal

Contact

Mir Ahmed

Contact

Tests de lEfficience du Marche Financier Marocain

Article Fingerprint

ReserarchID

C: FINANCE4E3E8

Tests de lEfficience du Marche Financier Marocain Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

The Moroccan financial market experienced a major modernization wave resulting in an increasing capitalization, a significant “volume & value” of business and a growing number of new IPOs in order to transform the Moroccan economy from a debt economy to a capital market economy and therefore achieve an optimal state of resources allocation. The informational efficiency of the Moroccan financial market has recently become a serious topic that arouses much interest among researchers and practitioners leading to an increasing number of studies in this area. The objective of our paper work is to investigate the weak form efficiency of the Moroccan stock market. We first remind what we mean by “market efficiency” and also the debate on this issue in developed and emerging markets, African markets and Morocco stock market. We then explain in depth the main

References

27 Cites in Article

Reference Format

A; Abraham,F Seyyed,S Alsakran (2002). Testing the Random Behavior and Efficiency of the Gulf Stock Markets.
Walid Abdmoulah (2009). Testing the evolving efficiency of Arab stock markets.
Osamah Al‐khazali,David Ding,Chong Pyun (2007). A New Variance Ratio Test of Random Walk in Emerging Markets: A Revisit.
K Bakir (2002). L'efficience des marches financiers des pays émergents: l'exemple de la bourse de Casablanca.
M Enowbi,F B; Guidi,K Mlambo (2009). Testing the weak-form market efficiency and the day of the week effects of some African countries.
E Fama (1970). Efficient Capital Market: A Review of Theory and Empirical Work.
Eugene Fama (1976). Efficient Capital Markets: Reply.
Eugene Fama (1991). Efficient Capital Markets: II.
E; Fama,M Blume (1996). Filter Rules and Stock Market Trading.
Eugene Fama,Kenneth French (1998). Dividend yields and expected stock returns.
Kenneth French,G Schwert,Robert Stambaugh (1987). Expected stock returns and volatility.
Kenneth French,Richard Roll (1986). Stock return variances.
Claire Gilmore,Ginette Mcmanus (2002). Random‐walk and efficiency tests of Central European equity markets.
S Grossman,J Stiglitz (1980). On the impossibility of informationally efficient markets.
B; Geert,R Campbell,Harvey (1995). Time-Varying World Market Integration.
B; Geert,R Campbell,Harvey (2002). Research in Emerging Markets Finance: Looking to the Future.
Michael Jensen (1978). Some anomalous evidence regarding market efficiency.
A Lo,A Mackinlay (1999). A Non-Random Walk Down Wall Street.
B Malkiel (1973). Burton Malkiel's A Random Walk Down Wall Street.
Burton Malkiel (2003). The Efficient Market Hypothesis and Its Critics.
C Mlambo,N Biekpe (2007). The efficient market hypothesis: Evidence from ten African stock markets.
Mohammed Omran,Suzanne Farrar (2006). Tests of weak form efficiency in the Middle East emerging markets.
R Rahaoui (2007). L'efficience informationnelle du marché financier Marocain : L'impact d'un profit warning sur les cours boursiers.
Richard Roll (1994). What Every CFO Should Know about Scientific Progress in Financial Economics: What Is Known and What Remains to Be Resolved.
R Shiller (1989). Market Volatility.
Jorge Urrutia (1995). TESTS OF RANDOM WALK AND MARKET EFFICIENCY FOR LATIN AMERICAN EMERGING EQUITY MARKETS.
El Khattab,Y Chourouk,M (2014). Essai Sur L'efficience Informationnelle Du Marché Boursier Marocain.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Chiny Faycal. 2015. \u201cTests de lEfficience du Marche Financier Marocain\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 15 (GJMBR Volume 15 Issue C2): .

More Citation Formats

Select Citation Style:

Download Citation

Download Article

GJMBR Volume 15 Issue C2
Pg. 1- 15

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Not Found

Classification

GJMBR-C Classification: JEL Code: E44

Submission ReceivedFebruary 3, 2015
Peer Review Double Blind
Handling Editor
Accepted March 4, 2015
Published March 15, 2015

Version of record

v1.2

Issue date

March 14, 2015

Language

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 122

Country: Morocco

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Chiny Faycal, Mir Ahmed (PhD/Dr. count: 0)

View Count (all-time): 167

Total Views (Real + Logic): 4240

Total Downloads (simulated): 1996

Publish Date: 2015 03, Sat

Monthly Totals (Real + Logic):

Month 1: 38 views
Month 2: 55 views
Month 3: 47 views
Month 4: 34 views
Month 5: 46 views
Month 6: 23 views
Month 7: 17 views
Month 8: 47 views
Month 9: 45 views
Month 10: 30 views
Month 11: 29 views
Month 12: 34 views
Month 13: 39 views
Month 14: 38 views
Month 15: 31 views
Month 16: 24 views
Month 17: 29 views
Month 18: 23 views
Month 19: 21 views
Month 20: 37 views
Month 21: 13 views
Month 22: 13 views
Month 23: 46 views
Month 24: 31 views
Month 25: 41 views
Month 26: 16 views
Month 27: 36 views
Month 28: 30 views
Month 29: 24 views
Month 30: 22 views
Month 31: 18 views
Month 32: 28 views
Month 33: 26 views
Month 34: 42 views
Month 35: 38 views
Month 36: 36 views
Month 37: 12 views
Month 38: 29 views
Month 39: 44 views
Month 40: 28 views
Month 41: 22 views
Month 42: 16 views
Month 43: 49 views
Month 44: 25 views
Month 45: 26 views
Month 46: 36 views
Month 47: 28 views
Month 48: 19 views
Month 49: 34 views
Month 50: 38 views
Month 51: 33 views
Month 52: 12 views
Month 53: 23 views
Month 54: 37 views
Month 55: 29 views
Month 56: 37 views
Month 57: 27 views
Month 58: 39 views
Month 59: 25 views
Month 60: 20 views
Month 61: 26 views
Month 62: 24 views
Month 63: 32 views
Month 64: 30 views
Month 65: 38 views
Month 66: 40 views
Month 67: 23 views
Month 68: 27 views
Month 69: 28 views
Month 70: 17 views
Month 71: 42 views
Month 72: 29 views
Month 73: 36 views
Month 74: 37 views
Month 75: 41 views
Month 76: 19 views
Month 77: 35 views
Month 78: 29 views
Month 79: 38 views
Month 80: 43 views
Month 81: 32 views
Month 82: 41 views
Month 83: 27 views
Month 84: 25 views
Month 85: 39 views
Month 86: 44 views
Month 87: 27 views
Month 88: 23 views
Month 89: 18 views
Month 90: 43 views
Month 91: 29 views
Month 92: 33 views
Month 93: 13 views
Month 94: 22 views
Month 95: 25 views
Month 96: 16 views
Month 97: 33 views
Month 98: 40 views
Month 99: 30 views
Month 100: 14 views
Month 101: 26 views
Month 102: 23 views
Month 103: 27 views
Month 104: 25 views
Month 105: 11 views
Month 106: 15 views
Month 107: 46 views
Month 108: 24 views
Month 109: 48 views
Month 110: 34 views
Month 111: 25 views
Month 112: 29 views
Month 113: 19 views
Month 114: 36 views
Month 115: 34 views
Month 116: 27 views
Month 117: 31 views
Month 118: 33 views
Month 119: 27 views
Month 120: 29 views
Month 121: 23 views
Month 122: 31 views
Month 123: 48 views
Month 124: 23 views
Month 125: 40 views
Month 126: 38 views
Month 127: 39 views
Month 128: 36 views
Month 129: 23 views
Month 130: 47 views
Month 131: 26 views
Month 132: 52 views
Month 133: 33 views
Month 134: 43 views

Total Views: 4240

Total Downloads: 1996

2026 Trends

Published Article

Our website is actively being updated, and changes may occur frequently. Please clear your browser cache if needed. For feedback or error reporting, please email [email protected]