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Market efficiency

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C/F/1342. Proposal. Internet Bubble and Efficient Market Hypothesis

WORDS:
2400
DATE:
2012
PRICE:
29.99 GBP

The paper proposes to examine the phenomenon of the US Internet bubble from the perspective of the efficient market hypothesis (EMH). The topic and questions of the research are outlined, literature is reviewed on the theory of EMH and its key assumptions, The phenomenon of financial bubbles is explained as an anomaly in financial markets. The methodology of the research is described, its expected results are considered.

 

KEYWORDS: Proposal, Internet bubble, efficient market hypothesis, EMH,

 

C/F/1314. Dissertation Outline. Weak Form of Efficient Markets Hypothesis

WORDS:
500
DATE:
2011
PRICE:
9.99 GBP

The paper presents an outline of the dissertation on the weak form of the efficient markets hypothesis (EMH). The aim and question of the dissertation are formulated, the areas and sources of the literature review are defined, the methodology is described. The paper has no references.

 

KEYWORDS: Dissertation Outline, Efficient Markets Hypothesis, EMH,

 

C/F/1305. Behaviour of stock market indices in USA and Germany

WORDS:
1900
DATE:
2011
PRICE:
19.99 GBP

The paper touches on the topics of behavioural finance and stock market theory analyzing the behaviour of US and German stock market indices since 2007 along the lines of autocorrelation and runs tests, the distribution of returns, and the validity of the efficient market hypothesis (EMH) in conditions of financial crisis and stock market collapse.

 

KEYWORDS: stock market indices, USA and Germany, efficient market hypothesis, EMH,

 

C/F/1297. Efficient market hypothesis and credit crunch

WORDS:
2700
DATE:
2011
PRICE:
29.99 GBP

The paper examines the financial theory of the efficient markets hypothesis (EMH) calculating expected return on three shares, explaining the forms of EMH, considering whether the semi-strong form of EMH contributed to the recent credit crunch, and discussing its implications for investors.

 

KEYWORDS: Efficient market hypothesis, EMH, credit crunch,

 

C/F/1268. An examination of winning strategies for investment and trading

WORDS:
2000
DATE:
2011
PRICE:
29.99 GBP

This paper examines the concept of winning strategies in relation to investment and trading strategies. The papers overall aim is to assess whether there is in fact a long term winning strategy for investing in the stock market. The theory and literature that discusses the search for these strategies are analysed, along with the theory regarding advocates of winning strategies. The paper then examines some of the criticisms of the theories outlined before making conclusions.

 

KEYWORDS: Winning strategies, investment, trading strategy, stock market,

 

C/F/1266. An examination of the US financial market

WORDS:
3000
DATE:
2011
PRICE:
39.99 GBP

This paper focuses on the US in relation to their financial market, and is split into two sections. The first section answers two questions on the free market system, resource allocation, market failure, and government interventions. The first question is “Examine the arguments in favour of a free market system of resource allocation”. The second is “Explain how ‘market failure’ can occur and suggest how the government in a country of your choice has sought to ‘correct’ those market failures”. The second section also answers two questions, but focuses on monetary and fiscal policies in the US economic downturn and the effects of government finances. The first question is “Examine how the government of that country has adjusted its monetary and fiscal policies in response to the world downturn. Explain the reasoning behind these adjustments”. The second question is “Indicate the problems which are created for the government’s finances as a result of it seeking to avoid an even deeper recession.

 

KEYWORDS: financial market, free market system, resource allocation, market failure, government intervention, fiscal policies, monetary policies, economic downturn, government finances!,

 

C/F/1236. An examination of the semi strong form of the efficient market hypothesis

WORDS:
1950
DATE:
2011
PRICE:
19.99 GBP

This paper examines the validity of the semi-strong form of the efficient market hypothesis. The study begins by introducing the background to the efficient market hypothesis, and follows with an examination of the concept of event studies. Cross sectional return predictability is then discussed, followed by a discussion regarding cross-sectional return predictability.

 

KEYWORDS: Semi-strong, efficient market hypothesis, event studies, Cross sectional return predictability,

 

C/F/1137. Analysis of Stock Market Returns in Russia

WORDS:
2000
ADD-ONS:
Calculations
DATE:
2011
PRICE:
29.99 GBP

This paper examines the distribution of the past returns of the Russian stock market represented by RTS index with different frequencies and examines data from 1995-2010. The paper focuses on two characteristics of distribution, skewness and kurtosis. After all of the data is analysed in reference to the two characteristics mentioned, the paper concludes by summarizing what investors in the Russian stock market should do.

 

KEYWORDS: Russian stock market, RTTS Index, skewness, kurtosis, investors,

 

C/F/1092. According to Efficient Markets Hypothesis, security prices fully reflect all available information. Discuss

WORDS:
2050
DATE:
2011
PRICE:
29.99 GBP

The paper looks at the efficient market hypothesis (EMH) reviewing its theoretical foundations, examining the role of financial analysis and market efficiency in the international context, and arguing whether EMH is correct in assuming that current security prices reflect all available information, so that further research of securities does not pay off. Advantages and disadvantages of passive and active management are discussed.

 

KEYWORDS: Efficient Market Hypothesis, EMH, securities prices,

 

C/F/1088. Dissertation. Testing Weak Form of Efficient Market Hypothesis: Case Study of Hong Kong Stock Exchange

WORDS:
20050
ADD-ONS:
Excel Data
DATE:
2011
PRICE:
209.99 GBP

The dissertation looks at the weak form of the efficient market hypothesis (EMH) in the context of Honk Kong Stock Exchange outlining the feature of the weak form of EMH and describing the background of Hong Kong Stock Exchange (HKEX). The review of literature touches on the theory of EMH including its strong, semi-strong and weak forms, random walk hypothesis (RWH), criticism of EMH and RWH, applicability of EMH to the conditions of the global financial crisis, EMH empirical testing, etc. The methodology of the research includes the methods of descriptive statistics, Box-Pierce test, Runs test and Jarque-Bera test applied to the analysis of 20 randomly selected stocks and shares traded on HKEX to identify the presence of unit root, autocorrelation, serial correlation, etc. Conclusions are made about statistical significance of the randomness of stock price changes and the acceptance of the applicability of the efficient market hypothesis to Hong Kong Stock Exchange.

 

KEYWORDS: Dissertation, Efficient Market Hypothesis, EMH, Hong Kong Stock Exchange, HKEX, random walk, share prices, financial crisis,

 

C/E/651. Dissertation. Evaluation of the effectiveness of forecasting in times of financial crisis.

WORDS:
10350
DATE:
2011
PRICE:
109.99 GBP

This dissertation aims to discover whether it is possible to accurately forecast the way in which an exchange rate market will operate, focusing on periods of financial crisis. Focus is made on the Sterling/Euro exchange rate in order to assess the efficient market hypothesis (EMH) and the way in which invest forecast accurately. The study also pays great attention to the overreaction hypothesis. The dissertation begins by presenting the background to the study and to EMH. The aims and rationale behind the study are also presented. The review of literature analyses the works and theory of a wide range of scholars, like Brown, Harlow, and Tinic, Atkins and Dyl, Zarowin, and Dissanaike. Primary data is collected by analysis of empirical data, and the paper focuses on transaction costs and Measurement of Above-average Returns. Secondary data is collected through analysis of the literature mentioned in the review. The methodology highlights the limitations of both forms of research. The finding section looks at the arguments supporting both the EMH and the overreaction hypothesis. Conclusions are made regarding the aim of the research, and an overview of the project and recommendations are made for further research.

 

KEYWORDS: Dissertation, forecast, exchange rate market, financial crisis, Sterling/Euro exchange rate, efficient market hypothesis, EMH, overreaction hypothesis, transaction costs, Measurement of Above-average Returns,

 

C/F/977. Dissertation. Does the Efficient Market Hypothesis hold for the Foreign Exchange Market?

WORDS:
10500
ADD-ONS:
Financial Data
DATE:
2010
PRICE:
109.99 GBP

This dissertation aims to investigate whether the weak form of the efficient market hypothesis is applicable to the modern foreign exchange market. The literature review focuses evaluating foreign exchange rate theories like purchasing power parity, interest rate parity, and the fisher effect. The review of literature also analyses the efficient market hypothesis, and presents the theory behind it and discusses empirical testing. The methodology section highlights the design, philosophy and approach to study. Data has been collected through use of the Thomson One Banker database. The findings section discusses the results from unit root testing and GARCH modelling, and the dissertation concludes by discussing the results of the study. This paper includes the statistical data used for the study.

 

KEYWORDS: Dissertation, efficient market hypothesis, foreign exchange market, purchasing power parity, interest rate parity, the fisher effect, empirical testing, Thomson One Banker database,

 

C/F/967. Examination of the foreign exchange rate market

WORDS:
2450
DATE:
2010
PRICE:
29.99 GBP

This paper examines the foreign exchange rate markets, concentrating on market efficiency. The paper begins by discussing the efficient market hypothesis, which is followed by an evaluation of the different ways in which it can be tested. The paper then tests to see if forward exchange rates are unbiased predictors of future spot rates. Conclusions are made regarding the findings of the tests.

 

KEYWORDS: Foreign exchange rate markets, market efficiency, hypothesis, forward exchange rates, future spot rates,

 

C/E/594. Proposal. Is Efficient Market Hypothesis applicable to Foreign Exchange Market?

WORDS:
1850
ADD-ONS:
Research Data
DATE:
2010
PRICE:
19.99 GBP

The paper proposes to explore whether future exchange rates can be predicted by their past values address the controversial attitudes towards the efficient market hypothesis (EMH). Literature is reviewed on the theory of EMH and exchange rate theory, the methodology of the proposed research is described, the time scale and budget of the research are indicated.

 

KEYWORDS: Proposal, Efficient Market Hypothesis, Foreign Exchange Market,

 

S/F/263. The efficient market hypothesis

WORDS:
4500
DATE:
2010
PRICE:
49.99 GBP

This paper examines market efficiency, the theories and criticisms that surround it. The paper offers an in depth definition of the efficient market hypothesis (EMH), focusing on the main assertions and the different forms of EMH, including Weak-Form Efficiency, semi-Strong Efficiency and Strong-Form Efficiency. Arguemnts for and against EMH are detailled and analysed, like Advance in Technology, Market Anomalies, Closed End Mutual Funds and Technical Analysis. The ‘credit crunch' and arbitrageursare discussed in relation to impacts for EHM.

 

KEYWORDS: Market efficient hypothesis, EMH, theories, critricisms, weak-form efficiency, semi strong efficiency, strong form effiency, technologies, mutual funds, market anomalies,

 

C/F/802. Dissertation. Validity of the efficient market hypothesis in the USA during the internet bubble

WORDS:
10800
DATE:
2010
PRICE:
109.99 GBP

The aim of the dissertation is to test the validity of the efficient market hypothesis (EMH) in the USA during the dot com bubble that occurred in early 2000’s. While EMH has been proved and rejected for different equity markets in different countries, the study of the US stock market in the period of the dot com crisis revealed that EMH lacked validity since twenty per cent of the companies analysed in this dissertation were not found to have a random walk, which is a necessary condition for validity of EMH and particularly its weak form. The research has been conducted using the autocorrelation analysis and Augmented Dickey-Fuller unit root test. The findings demonstrate partial validity of the EMH in the US market, but acknowledge that further studies are recommended to be undertaken that would employ different frequency of time series and larger sample of stocks.

 

KEYWORDS: Dissertation, Efficient Market Hypothesis, EMH, Stock market, dot com, behavioural finance, USA, America, internet bubble, market efficiency, stocks and shares,

 

C/F/788. Asymmetric information in banking: screening techniques to minimize its risk

WORDS:
2400
DATE:
2010
PRICE:
29.99 GBP

The paper examines the forms of information asymmetry (IA), i.e. adverse selection, moral hazard and monitoring costs. IA causes are explained with reference to Adam Smith’s theory of market efficiency. The outcomes of asymmetric information in banking are considered describing screening tools used to minimize the risk of asymmetric information, the concept of pareto efficient outcome is explained.

 

KEYWORDS: Asymmetric Information, Banking, Screening techniques, pareto efficient, market efficiency,

 

C/F/748. Dissertation. Validity of Efficient Market Hypothesis in the USA during the internet bubble

WORDS:
10750
DATE:
2010
PRICE:
109.99 GBP

The dissertation explains the concept of Efficient Market Hypothesis (EMH), a theory proposed several decades ago by economists who argued that average investors would not be able to make abnormal returns in the longer run by investing in stocks. This was explained by observations that the behaviour of share prices is random and all information that is currently available to the market is already included in the share price. The research sets out to understand EMH and analyse the reasons for the appearance of the US internet bubble. But the paper also shows in its Literature Review on the subject, how in the 1990s the theory’s assumptions and accuracy were disputed – with academic critiques by Shleifer (1990), Shefrin (1988) and Thaler (1994) cited. The performance of internet companies is examined (the fluctuations of share prices of companies after announcements of dot.com name changes) as is the efficiency of the US market during the internet bubble. A blend of quantitative and qualitative research is used, and secondary statistical data on share prices – in this case a sample of the share values of ten companies.

 

KEYWORDS: Dissertation, Efficient Market Hypothesis (EMH), investing in stocks, share prices, internet bubble, US economy,

 

C/F/717. Efficient market hypothesis and role of dividends in share valuation

WORDS:
3000
DATE:
2010
PRICE:
39.99 GBP

The paper looks at the efficient market hypothesis (EMH) explaining its role for understanding capital markets, identifying the sources of finance available to large companies, and arguing the impact of dividends on companies’ share valuation with references to the theory suggested by Miller and Modigliani and their opponents.

 

KEYWORDS: Efficient Market Hypothesis, EMH, dividends, capital structure, share valuation,

 

C/F/664. Role of market efficiency and random walk theory in investment decisions

WORDS:
780
DATE:
2010
PRICE:
9.99 GBP

The paper examines the concept of market efficiency arguing whether market prices reflect the true value of assets and discussing unexpected information (‘random walk’) that can affect market prices. Recommendations are made to Make More plc about the diversification of their portfolio as the best investment strategy.

 

KEYWORDS: market efficiency, random walk, portfolio diversification, investment decisions,

 

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,

 

C/F/506. 'If the Capital Market is Efficient There is no Need to Spend Time on Setting a Particular Capital Structure and Dividend for a Listed Company'. Discuss

WORDS:
2900
DATE:
2009
PRICE:
29.99 GBP

The paper defines what is meant by an efficient capital market discussing whether an efficient capital market renders capital structure and dividend policy redundant. The reductive view of investment is questioned explaining the benefits of having a sound capital structure and dividend policy even in an efficient market.

 

KEYWORDS: Stocks, Shares, London Stock Exchange, Efficient Capital Markets,

 

C/F/393. Market efficiency and reoccurrence of financial crisis

WORDS:
1600
DATE:
2008
PRICE:
19.99 GBP

The paper critically evaluates the efficiency of financial markets providing a review of literature on the theory of market efficiency and seeking to identify the forces that make financial markets more efficient. It is argued whether the reoccurrence of financial crisis points to the inefficiency of financial markets.

 

KEYWORDS: Market efficiency, Efficient Market Hypothesis financial crisis,

 

S/F/161. Efficiency of world's major stock markets

WORDS:
790
DATE:
2008
PRICE:
9.99 GBP

The paper examines the efficient market hypothesis describing efficient markets, discussing the causes and effects of efficiency, and arguing whether corporate problems provide evidence of stock markets inefficiency.

 

KEYWORDS: Efficient market, stock market,

 

S/F/175. As the capital markets are efficient, no one can earn abnormal returns. Certainly, there is no point to pay a fund manager to manage your investment portfolio. Discuss

WORDS:
2000
DATE:
2008
PRICE:
29.99 GBP

The paper examines the forms of efficiency in capital markets providing their definitions and arguing whether market prices fully reflect information about the markets. Weak and strong market forms are discussed with reference to related academic sources and examples from the USA economy.

 

KEYWORDS: Capital market, efficient, price,