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Journals / Bogazici Journal: Review of Social, Economic and Administrative Studies / 2011 / Cilt: 25 - Sayı: 1

GLOBAL ECONOMIC CRISIS AND STOCK MARKETS EFFICIENCY: EVIDENCE FROM SELECTED AFRICA COUNTRIES

KÜRESEL EKONOMİK KRİZ VE MENKUL KIYMETLER BORSASI VERİMLİLİĞİ: SEÇİLMİŞ AFRİKA ÜLKELERİNDEN KANITLAR

Sheriffdeen A. TELLA
Olumuyiwa G. YİNUSA
AYINDE TAOFEEK OLUSOLA
Pages
139–169
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Using summary statistics, tests of stationarity and EGARCH methods, it is found that there has been contagion with some lag period, actually towards the end of the peak of the crisis and that the African stock markets remain inefficient

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This paper attempts to check the efficiency of the stock markets in Africa (using the Cairo, Johannesburg and Lagos stock markets) as an aftermath of the global economic crisis as well as the lag in effect of the crisis on the stock markets.
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Key Findings & Data:This paper attempts to check the efficiency of the stock markets in Africa (using the Cairo, Johannesburg and Lagos stock markets) as an aftermath of the global economic crisis as well as the lag in effect of the crisis on the stock markets.
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Conclusion & Impact:Using summary statistics, tests of stationarity and EGARCH methods, it is found that there has been contagion with some lag period, actually towards the end of the peak of the crisis and that the African stock markets remain inefficient
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

This paper attempts to check the efficiency of the stock markets in Africa (using the Cairo, Johannesburg and Lagos stock markets) as an aftermath of the global economic crisis as well as the lag in effect of the crisis on the stock markets. Using summary statistics, tests of stationarity and EGARCH methods, it is found that there has been contagion with some lag period, actually towards the end of the peak of the crisis and that the African stock markets remain inefficient

Özet

Bu makale, küresel ekonomik krizin hemen sonrasında Afrika'daki menkul kıymetler borsalarının (Kahire, Johannesburg ve Lagos menkul kıymetler borsaları verilerine dayanarak) verimliliğini ve bu krizin borsalar üzerindeki gecikmeli etkisini incelemeyi amaçlamaktadır. Özet istatistiksel yöntemler, durağanlık testi ve EGARCH metodları kullanılarak, krizin, özellikle en yoğun yaşandığı dönemin sonlarına doğru gecikmeli olarak bir ülkeden diğer ülkeye geçtiği ve Afrika menkul kıymetler borsalarının verimsiz olmaya devam ettikleri sonuçları bulunmuştur

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Cite This Article

TELLA, S. A., YİNUSA, O. G., OLUSOLA, A. T. (2011). GLOBAL ECONOMIC CRISIS AND STOCK MARKETS EFFICIENCY: EVIDENCE FROM SELECTED AFRICA COUNTRIES. Bogazici Journal: Review of Social, Economic and Administrative Studies, Cilt: 25 - Sayı: 1, 139–169. https://ajindex.com/articles/144764

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References (9)

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