The Market Efficiency of the Stock Exchange of Mauritius

Sohawon, Devranee (2006) The Market Efficiency of the Stock Exchange of Mauritius. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

In the recent years, there has been a lot of focus on the financial systems of the developing countries. Whilst it has been empirically proven that an efficient stock market can contribute towards the economic development of a country, the developing world seems to be lagging behind with the advancement. One of the reasons given was that the developing world is having a lot of trouble catching up with technological innovations and information dissemination. The key to an efficient market is the degree to which information is being disseminated in the market. Developing markets are also illiquid markets and are said to be thin trading.

In the light of the above factors, this study is going to concentrate on the market efficiency of the Stock Exchange of Mauritius (SEM). Some of the previous studies found the SEM to be inefficient in the weak form. Nevertheless this research found that the SEM is also efficient in the weak form. One of the reasons for the improved efficiency may be due to recent developments on the SEM, which might have possibly improved the information dissemination and efficiency of trading. Nevertheless Mauritius still has a far way to go to reach up to the level where information will be cheap and accessible to all the investors. Also it was found that the investment culture amongst Mauritians is still traditionally based with savings accounts at the banks.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 30 Nov 2006
Last Modified: 23 Oct 2016 10:59
URI: http://eprints.nottingham.ac.uk/id/eprint/20473

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