Results 211 to 220 of about 191,353 (267)
Some of the next articles are maybe not open access.

Related searches:

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
openaire   +1 more source

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
openaire   +2 more sources

Information Efficiency in the Cryptocurrency Market:The Efficient-Market Hypothesis

Journal of Computer Information Systems, 2021
This study tested the efficient-market hypothesis (EMH) to examine information efficacy in the cryptocurrency market.
Ho-Jun Kang, Sang-Gun Lee, Soo-Yong Park
openaire   +1 more source

THE MEANING OF MARKET EFFICIENCY

Mathematical Finance, 2011
Fama defined an efficient market as one in which prices always “fully reflect” available information. This paper formalizes this definition and provides various characterizations relating to equilibrium models, profitable trading strategies, and equivalent martingale measures.
Jarrow, Robert A., Larsson, Martin
openaire   +2 more sources

The Efficient Market Hypothesis and Electricity Market Efficiency Test

2005 IEEE/PES Transmission & Distribution Conference & Exposition: Asia and Pacific, 2005
Market efficiency is one of the primary design objectives of an electricity market as well as for other commodity markets. The Efficient Market Hypothesis (EMH) has been applied to many other markets. However, there are very little research has been done on electricity market efficiency testing.
Lu, Z., Dong, Z. Y., Sanderson, P. M.
openaire   +3 more sources

On the efficiency of markets for managers [PDF]

open access: possibleEconomic Theory, 2000
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 more sources

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 ...
openaire   +1 more source

Home - About - Disclaimer - Privacy