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Market efficiency
C/F/653. Market efficiency and abnormal returns
- WORDS:
- 2100
- DATE:
- 2010
- PRICE:
- 29.99 GBP
The paper looks into the theory of financial markets’ efficiency reviewing the efficient market hypothesis (EMH) by Fama, discussing the role of information in providing markets with efficiency, identifying the sources of market inefficiencies and anomalies inconsistent with the maintained theories, and arguing that opportunities for abnormal returns exist in the conditions of information asymmetry.
KEYWORDS: Market efficiency, abnormal returns, financial information, information asymmetry,
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Received paper - it has helped point me in the right direction for my research.Martin
