Results 71 to 80 of about 7,457,579 (205)
Financial InnovationThis study examines the influence of emojis, recognized as a distinct form of communication, on the efficient market hypothesis (EMH) within the Bitcoin market over a 12-year period.
Fang Wang +3 more
doaj +1 more source
When the Tail Wags the Dog: A Time‐Varying FCVAR Analysis of Bitcoin Market
Journal of Futures Markets, Volume 46, Issue 3, Page 529-544, March 2026.ABSTRACT This paper examines how the relationship between Bitcoin spot and futures markets has evolved using a time‐varying Fractionally Cointegrated Vector Autoregressive (FCVAR) model. We are the first to apply this methodology dynamically to cryptocurrency markets, allowing us to simultaneously analyze long‐run equilibrium, pricing patterns, market ...
Filippo di Pietro +2 more
wiley +1 more source
A BEHAVIORAL FINANCE PERSPECTIVE OF THE EFFICIENT MARKET HYPOTHESIS
Social Science Research NetworkNowadays, a central theme in the finance and economic theory is market efficiency. After several decades of research, economists have not yet reached a consensus about the existence of efficient financial markets in terms of information.
C. Oprean
semanticscholar +1 more source
Market efficiency assessment for multiple exchanges of cryptocurrencies [PDF]
REGE Revista de GestãoPurpose – This study aims to analyze the efficient market hypothesis (EMH) of cryptocurrencies on multiple platforms by observing whether there is a discrepancy in the levels of efficiency between different exchanges.
Orlando Telles Souza +1 more
doaj +1 more source
Journal of Economic Surveys, Volume 40, Issue 1, Page 443-468, February 2026.ABSTRACT Cryptocurrency markets are known for their wide price fluctuations, lack of central control, and fast‐paced development. These characteristics present serious challenges to traditional theories about how markets work and how prices reflect available information.
Giulia Fantini, Joy Jia, Chiara Oldani
wiley +1 more source
Martingales, Efficient Market Hypothesis and Kolmogorov’s Complexity Theory [PDF]
, 2011 Efficient market theory states that financial markets can process information instantly. Empirical observations have challenged the stricter form of the efficient market hypothesis (EMH).
Das, Amaresh
core +1 more source
How Dovish Policy Reshaped Market Efficiency: Firm-Level Evidence from Indonesia
Корпоративные финансыThe shift toward a dovish monetary stance in Indonesia in early 2025 provides a valuable context for examining stock market efficiency under the weak form of the Efficient Market Hypothesis (EMH).
Novi Swandari Budiarso, Winston Pontoh
doaj +1 more source
Environmental, Social, and Governance Bonds and Stock Market Reactions: An Event Study
Business Strategy and the Environment, Volume 35, Issue 1, Page 881-892, January 2026.ABSTRACT As environmental, social, and governance (ESG) bonds have become a fundamental tool in corporate strategies for financing sustainability, an understanding of how stock markets react to their issuance is essential. Based on the efficient market hypothesis (EMH) and signaling theory, this event study uses 3618 ESG bond issuances from 2021 to ...
Rubén Ordonez‐Borrallo +2 more
wiley +1 more source
ACM Symposium on Applied ComputingStock movement forecasting is a significant challenge in financial machine-learning application fields due to its profound impact on financial markets. While the Efficient Market Hypothesis (EMH) [10] postulates that predicting stock movement is nearly ...
Kanghyeon Seo, Jihoon Yang
semanticscholar +1 more source
Complexity, Volume 2026, Issue 1, 2026.This study examines directional information flow in commodity futures markets using transfer entropy (TE) and Granger causality (GC) over 21.5 years. Analyzing 12 major commodities through rolling windows of 20, 60, 120, and 240 days, we compare linear versus nonlinear transmission mechanisms across different market conditions.
Insu Choi, Woo Chang Kim, Pramita Mishra
wiley +1 more source