Finance

Singapore Stock Market
1) perform some background research; describe two empirical studies to support and/or reject the level of market efficiency in the stock market. In other words, you have to briefly describe the methodology used to test the level of market efficiency and the main results obtained in the empirical studies. Based on the empirical evidence that you have provided, do you think that the chosen stock market is efficient? State your conclusion by giving the level of market efficiency and give reasons to justify your conclusion. You may use additional empirical research for that market to support your conclusion.