Market efficiency testing on JSE ALT-X: the effect of 2009 recession
by Vatiswa Mlonzi, Meiya G. Nthoesane (Ed.)
This academic study tests market efficiency on the JSE ALT-X during the 2009 recession, evaluating the impact of economic downturns on trading dynamics and efficiency. Through rigorous analysis, it reveals how recessionary forces influenced this alternative South African exchange, providing valuable perspectives for finance professionals and researchers.
About This Book
This book presents a detailed investigation into the efficiency of the Johannesburg Stock Exchange's Alternative Exchange (JSE ALT-X) amid the 2009 global recession. The research focuses on empirical testing methods to assess market responses to economic pressures.
Authored by Vatiswa Mlonzi and edited by Meiya G. Nthoesane, the work explores the implications of recessionary conditions on smaller-cap listings within the South African market framework.
Key aspects include the application of standard efficiency models to transaction data, highlighting variances in market performance during periods of financial instability.
The findings contribute to understanding how alternative exchanges navigate economic challenges, offering insights for investors and policymakers in emerging markets.
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