It takes the average reader and 24 minutes to read The Efficiency of the Japanese Equity Market by Mr.Jun Nagayasu
Assuming a reading speed of 250 words per minute. Learn more
Using the ARFIMA-FIGARCH model, this paper studies the efficiency of the Japanese equity market by examining the statistical properties of the return and volatility of the Nikkei 225. It shows that both follow a long range dependence, which stands against the efficient market hypothesis (EMH). The result is valid for all sample periods, suggesting that the recent equity market reform has not produced major efficiency gains.
The Efficiency of the Japanese Equity Market by Mr.Jun Nagayasu is 24 pages long, and a total of 6,096 words.
This makes it 8% the length of the average book. It also has 7% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 33 minutes to read The Efficiency of the Japanese Equity Market aloud.
The Efficiency of the Japanese Equity Market is suitable for students ages 8 and up.
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