The arrival of public information and asset price behavior in emerging markets: evidence from stock market in Pakistan
Khalid Mustafa and Mohammed Nishat
Savings and Development Vol. 36(2012), No. 1, pp. 1-24
This study investigates the role of public information on stock market activity and asset return using daily data for the period January 2006 - July 2011. The role of information dissemination related to Semi-strong form of efficiency is tested. [...]