Results 251 to 260 of about 949,210 (311)

Market Orders and Market Efficiency

The Journal of Finance, 1997
ABSTRACTThis work compares a dealer market and a limit‐order book. Dealers commonly observe order flow and collect information from multiple market orders. They may be better informed than other traders, although they do not earn rents from this information.
Brown, David P, Zhang, Zhi Ming
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Efficient Market Hypothesis

1987
A capital market is said to be efficient if it fully and correctly reflects all relevant information in determining security prices. Formally, the market is said to be efficient with respect to some information set, ϕ, if security prices would be unaffected by revealing that information to all participants.
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Informational efficiency: ranking markets [PDF]

open access: possibleEconomic Theory, 2001
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Liquidity and market efficiency☆

Journal of Financial Economics, 2007
Abstract Short-horizon return predictability from order flows is an inverse indicator of market efficiency. We find that such predictability is diminished when bid-ask spreads are narrower, and has declined over time with the minimum tick size. Variance ratio tests suggest that prices were closer to random walk benchmarks in the more liquid decimal ...
Chordia, Tarun   +2 more
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The Efficient-Market Hypothesis

2022
Prior to the financial crisis most economists, though happily not all, believed in a version of the Efficient Market Hypothesis (“EMH”) which held that financial markets were efficiently and thus always correctly priced. The financial crisis resulted in the EMH being discredited as, despite many warnings, it led central bankers to ignore the threat ...
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Are Cryptocurrency Markets, Efficient Markets?

SSRN Electronic Journal, 2020
This paper examines the market efficiency of three key cryptocurrency markets namely: Bitcoin, Ethereum and Monero, before and during the COVID-19 pandemic. This research makes use of a Durbin-Watson test and a non-parametric runs test to test for weak-form efficiency, and two comprehensive event studies to test for semi-strong form and strong form ...
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Market Efficiency

2021
Shveta Singh, Surendra S. Yadav
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