These two volumes bring together the most influential articles surrounding the Efficient Markets Hypothesis debate, from Paul Samuelson's pathbreaking proof that properly …
Well‐functioning financial markets are key to efficient resource allocation in a capitalist economy. While many managers express reservations about the accuracy of stock prices …
The assumption in studies that focus on short return windows is that any lag in the response of prices to an event is short-lived. There is a developing literature that challenges this …
M Grinblatt, B Han - Journal of financial economics, 2005 - Elsevier
The tendency of some investors to hold on to their losing stocks, driven by prospect theory and mental accounting, creates a spread between a stock's fundamental value and its …
EF Fama - The journal of finance, 1991 - Wiley Online Library
SEQUELS ARE RARELY AS good as the originals, so I approach this review of the market efflciency literature with trepidation. The task is thornier than it was 20 years ago, when work …
M Ito, S Sugiyama - Economics Letters, 2009 - Elsevier
Measuring the degree of time varying market inefficiency - ScienceDirect Skip to main contentSkip to article Elsevier logo Journals & Books Search RegisterSign in View PDF …
CM Boya - Research in International Business and Finance, 2019 - Elsevier
This paper examines the degree of market efficiency of the French Stock Market and tries to check both the efficient market hypothesis (EMH) and the adaptative market hypothesis …
WI Chuang, BS Lee - Journal of Banking & Finance, 2006 - Elsevier
Recently, several behavioral finance models based on the overconfidence hypothesis have been proposed to explain anomalous findings, including a short-term continuation …
BG Malkiel - Journal of economic perspectives, 2003 - aeaweb.org
abstract Revolutions often spawn counterrevolutions and the efficient market hypothesis in finance is no exception. The intellectual dominance of the efficient-market revolution has …