Tests of the Efficient Markets Hypothesis [PDF]
Austrian Journal of Statistics, 2016 This paper surveys various statistical methods that have been proposed for the examination of the efficiency of financial markets and proposes a novel procedure for testing the predictability of a time series.
Erhard Reschenhofer, Michael A. Hauser
doaj +7 more sources
Efficient market hypothesis in European stock markets [PDF]
The European Journal of Finance, 2010 This paper reports the results of tests on the weak-form market efficiency applied to stock market indexes of UK, France, Germany, Spain, Greece and Portugal, from January 1993 to December 2007. We use a runs test, and joint variance ratio tests, which are performed using daily and weekly data for the period 1993–2007 and for a subset, 2003–2007. Daily
Maria Rosa Borges
openaire +6 more sources
Isobars and the efficient market hypothesis [PDF]
, 2010 Isobar surfaces, a method for describing the overall shape of multidimensional data, are estimated by nonparametric regression and used to evaluate the efficiency of selected markets based on returns of their stock market indices.
Kristýna Ivanková
openaire +3 more sources
The (in)efficiency of emerging and developed markets: An analysis from fractal theory
BAR: Brazilian Administration Review, 2023 The objective of this article is to study the behavior of the stock markets in emerging countries (BRICS) and developed countries (USA, England, Germany, and Japan), aiming to identify the evolution of their degree of efficiency between June 2007 and ...
Daniel Pereira Alves de Abreu +2 more
doaj +1 more source
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
THE IMPACT OF BUY – SELL RECOMMENDATIONS ON BANKS’ STOCK RETURNS
Baltic Journal of Economic Studies, 2022 The aim of this research was to investigate the impact of stock buy-sell recommendations of brokerage houses on the stock returns of banks operating in Borsa Istanbul (BIST). Accordingly, it has been attempted to assess if investors can receive abnormal
Mustafa Kevser +2 more
doaj +1 more source
A REVIEW ON THE RELATIONSHIPS AMONG ADAPTIVE MARKETS HYPOTHESIS, THE EFFICIENT MARKETS HYPOTHESIS AND BEHAVIOURAL FINANCE [PDF]
Buletin ştiinţific: Universitatea din Piteşti. Seria Ştiinţe Economice, 2023 The Efficient Markets Hypothesis (EMH), which has had a significant impact on the field of finance since its development, has triggered many subsequent researches and some of the researches have brought a critical view to the Hypothesis.
Kubra SARITEPECI +2 more
doaj
Globalization Effects on Contagion Risks in Financial Markets [PDF]
SHS Web of Conferences, 2021 Research background: Financial globalization has opened international capital markets to investors and companies worldwide. However, the global financial crisis has created big volatility in the stock prices that induces a restriction in the reflection ...
Paskaleva Mariya, Stoykova Ani
doaj +1 more source
Nonlinearities and Chaos: A New Analysis of CEE Stock Markets
Mathematics, 2021 After a long transition period, the Central and Eastern European (CEE) capital markets have consolidated their place in the financial systems. However, little is known about the price behavior and efficiency of these markets.
Claudiu Tiberiu Albulescu +2 more
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