Investors’ risk perception in the context of efficient market hypothesis: A conceptual framework for malaysian and indonesian stock exchange [PDF]
SHS Web of Conferences, 2021 The advocates of the Efficient Market Hypothesis (EMH) theory postulates that share prices depict all the available information concerning its intrinsic worth. EMH espouses the Random Walk Theory i.e.
Emad Azhar Ali Syed +2 more
doaj +1 more source
Does the Adaptive Market Hypothesis Exist in Equity Market? Evidence from Pakistan Stock Exchange
International Journal For Multidisciplinary Research, 2023 In this study we empirically check the adaptive market hypothesis in Pakistan stock Market by measuring the association among present stock returns and past stock returns over the time of 2001 to 2020.
semanticscholar +1 more source
An agent-based model of financial market efficiency dynamics
Borsa Istanbul Review, 2022 We build a parsimonious agent-based model under the adaptive market hypothesis (AMH), which can explain the formation of equilibrium prices and market efficiency dynamics.
Ahmed El Oubani, Mostafa Lekhal
doaj +1 more source
A Critical Survey on Efficient Market Hypothesis (EMH), Adaptive Market Hypothesis (AMH) and Fractal Markets Hypothesis (FMH) Considering Their Implication on Stock Markets Behavior [PDF]
Ovidius University Annals: Economic Sciences Series, 2021 The fundamental objective of our research study is to provide a critical analysis on Efficient Market Hypothesis (EMH), Adaptive Market Hypothesis (AMH) and Fractal Markets Hypothesis (FMH) considering their impact on stock markets behavior.
Cristi Spulbar +2 more
doaj
Do Financial Markets Adapt Differently? A Cross-Country Examination Using the Adaptive Market Hypothesis [PDF]
المجلة العلمية للدراسات والبحوث المالية والتجاريةPurpose: This research aims to simultaneously examine different aspects of the Adaptive Market Hypothesis (AMH) in the global financial market context, a topic of significant interest and relevance.
Mohamed Hussein Abd El-Razeek
doaj +1 more source
A Composite Index for Measuring Stock Market Inefficiency
Complexity, 2022 Market inefficiency is a latent concept, and it is difficult to be measured by means of a single indicator. In this paper, following both the adaptive market hypothesis (AMH) and the fractal market hypothesis (FMH), we develop a new time-varying measure ...
Raffaele Mattera +2 more
doaj +1 more source
Time-Varying Return Predictability in the Chinese Stock Market [PDF]
Reports in Advances of Physical Sciences, 2017 China’s stock market is the largest emerging market in the world. It is widely accepted that the Chinese stock market is far from efficiency and it possesses possible linear and nonlinear dependencies.
Huai-Long Shi +2 more
doaj +1 more source
Weryfikacja wybranych zastosowań hipotezy rynku adaptacyjnego na rynkach finansowych
Zeszyty Naukowe Uniwersytetu Ekonomicznego w Krakowie, 2017 Hipoteza rynku adaptacyjnego (adaptive market hypothesis – AMH), której autorem jest A. Lo, to jeden z najnowszych modeli opisujących działanie rynków finansowych.
Michał Kasolik
doaj +1 more source
The efficiency of the new reference rate in Türkiye
Borsa Istanbul Review, 2023 The transition from the reference rate based on interbank offered rates, such as the Turkish lira interbank offer rate (TRLIBOR), to the risk-free rate (RfR), the Turkish lira overnight reference rate (TLREF), in Türkiye is a critical juncture, but it is
Remzi Gök, Burak Pirgaip, Elie Bouri
doaj +1 more source
The changing market efficiency of the Nairobi securities exchange [PDF]
Banks and Bank Systems, 2016 This paper tests for market efficiency changes of the Nairobi Securities Exchange (NSE) after the year 2000 and determines whether technological advancements have led to an increase in the market efficiency.
Josephine M. Njuguna
doaj +1 more source