Efficiency of Lebanese and Arab Gulf Financial Markets
Journal Title: Journal of Economics and Business - Year 2019, Vol 2, Issue 3
Abstract
Various studies have been made to test the efficiency of market in Lebanon and Arab Gulf States (AGS) theoretically and empirically, focusing mainly on building a model using the conventional finance. The purpose of this paper is to test the efficiency of AGS financial markets as well as the Lebanese one based on stationary method; furthermore it explores the reasons behind the non-efficiency in case it exists. However, to realize this objective ,this paper overviews the different methods behind testing efficiency in order to choose and use the most common one ,furthermore it studies also the Volatility using ARCH and GARCH and the Financial Characteristics behind each market, which leads to either enhance or reduce market efficiency so far. Findings prove that Lebanese, Abu Dhabi, Qatar, and Kuwait markets tend to be efficient in its weak form whereas Dubai, Saudi Arabia and Amman markets are non-efficient based on the average monthly data series and financial characteristics of the market over a specific period of time.
Authors and Affiliations
Pr. Latifa Ghalayini, Sally Alkees
Keywords
Related Articles
- EP ID EP646503
- DOI 10.31014/aior.1992.02.03.119
- Views 93
- Downloads 0
Determinants of Entrepreneurial Intent Among University Students: The Case of Marien Ngouabi University
Government and policy makers in Congo-Brazzaville are faced with different social-economic problems. One of the most pressing challenges facing Congo especially in the face of economy recession is unemployment problem am...
The Effect of Operations Strategy on Performance of Consultancy Firms? An Empirical Survey of Management Consultancy Firms in Nairobi, Kenya
The purpose of this study was to establish the effect of operations strategy on the performance of management consultancy firms in Nairobi, Kenya. The objectives of the study were: to investigate the effect of resource m...
Accounting Application over the Edgeworth Box to Assess Banking Activity in Southeast Asia Countries
he manuscript considers that accounting information of financial statements is synthetic information of the process of decision-making, and the Edgeworth box is a laboratory to assess banking activity. The effects of dec...
Classification of Credit Security in Nigeria: Resolving the Perceived Dichotomy
This article is focused on the classification of credit security in Nigeria with a view to resolving the perceived dichotomy in the categorization. Credit security generally is within the ambit of property law which is c...
Firm-specific Financial Determinants of Non-Performing Loan in the Banking Sector of Developing Countries: Evidence from the Listed Commercial Banks in Bangladesh
This article aims at finding the financial determinants of Non-performing Loans (NPL) in the banking sector of Bangladesh. It employs panel data analysis techniques to find those determinants and the extent of their impa...