The ex ante efficiency of Australian Stock Market benchmarks

• Published in: Australian journal of management Vol. 25; no. 1; pp. 1 - 15
• Main Authors: Finn, Frank, Koivurinne, Timo
• Format: Journal Article
• Language: English
• Published: London, England SAGE Publications 01.06.2000; Sage Publications Ltd
• Subjects: Asset allocation; Benchmarks; Efficiency; Efficient markets; Hypotheses; Investment advisors; Investment policy; Investments; Performance evaluation; Portfolio performance; Securities markets; Short sales; Standard deviation; STOCK EXCHANGES; Studies; AUSTRALIA; Australia; Investment Performance Evaluation; Portfolio Efficiency; Stock Market Benchmarks

Ante efficiency of Australian benchmark portfolios from 1980-1996 - performance evaluation benchmarks were found to be ex ante inefficient when unrestricted short selling was allowed - when short selling was restricted, ex ante efficiency of benchmarks could not be rejected - mining, resource and pr...