Please note that Internet Explorer version 8. Please refer to this blog post for more information. This paper provides historical, theoretical, and empirical syntheses in understanding the rationality of investors, stock prices, and stock market efficiency behaviour in the theoretical lenses of behavioural finance paradigm.

The inquiry is guided by multidisciplinary behavioural-related theories. The analyses employed a long span of Bursa Malaysia stock market data from to along the different phases of economic development and market states. The tests confirmed the presence of asymmetric dynamic behaviour of prices predictability as well as risk and return relationships across different market states, risk states and quantiles data segments.

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The efficiency tests show trends of an adaptive pattern of weak market efficiency across various economic phases and market states. Collectively, these evidences lend support to bounded-adaptive rational of investors' behaviour, dynamic stock price behaviour, and accordingly forming bounded-adaptive market efficiency.

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Borsa Istanbul Review Volume 16, Issue 1 , March , Pages open access. Behavioural finance perspectives on Malaysian stock market efficiency. Author links open the author workspace. Opens the author workspace Opens the author workspace a. Numbers and letters correspond to the affiliation list.

Click to expose these in author workspace b. Click to expose these in author workspace Zamri Ahmad.

Click to expose these in author workspace a Financial Market Research, School of Management, Universiti Sains Malaysia, Penang, Malaysia b Faculty of Business and Management, Universiti Teknologi MARA, Sabah, Malaysia.

Open Access funded by Borsa Istanbul Anonim Sirketi.

Under a Creative Commons license. Abstract This paper provides historical, theoretical, and empirical syntheses in understanding the rationality of investors, stock prices, and stock market efficiency behaviour in the theoretical lenses of behavioural finance paradigm.

USA economic indicators | gyranasoreso.web.fc2.com

Keywords Behavioural finance paradigm. Production and hosting by Elsevier B.

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