Stock Market Efficiency and Price Behaviour - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Stock Market Efficiency and Price Behaviour write by O. P. Gupta. This book was released on 1989. Stock Market Efficiency and Price Behaviour available in PDF, EPUB and Kindle.
Market Efficiency
Market Efficiency - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Market Efficiency write by Andrew Wen-Chuan Lo. This book was released on 1997. Market Efficiency available in PDF, EPUB and Kindle.
Inefficient Markets
Inefficient Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Inefficient Markets write by Andrei Shleifer. This book was released on 2000-03-09. Inefficient Markets available in PDF, EPUB and Kindle. The efficient markets hypothesis has been the central proposition in finance for nearly thirty years. It states that securities prices in financial markets must equal fundamental values, either because all investors are rational or because arbitrage eliminates pricing anomalies. This book describes an alternative approach to the study of financial markets: behavioral finance. This approach starts with an observation that the assumptions of investor rationality and perfect arbitrage are overwhelmingly contradicted by both psychological and institutional evidence. In actual financial markets, less than fully rational investors trade against arbitrageurs whose resources are limited by risk aversion, short horizons, and agency problems. The book presents and empirically evaluates models of such inefficient markets. Behavioral finance models both explain the available financial data better than does the efficient markets hypothesis and generate new empirical predictions. These models can account for such anomalies as the superior performance of value stocks, the closed end fund puzzle, the high returns on stocks included in market indices, the persistence of stock price bubbles, and even the collapse of several well-known hedge funds in 1998. By summarizing and expanding the research in behavioral finance, the book builds a new theoretical and empirical foundation for the economic analysis of real-world markets.
Efficiency and Anomalies in Stock Markets
Efficiency and Anomalies in Stock Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Efficiency and Anomalies in Stock Markets write by Wing-Keung Wong. This book was released on 2022-02-17. Efficiency and Anomalies in Stock Markets available in PDF, EPUB and Kindle. The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.
From Capital Market Efficiency to Behavioral Finance
From Capital Market Efficiency to Behavioral Finance - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook From Capital Market Efficiency to Behavioral Finance write by Markus Bruetsch. This book was released on 2009. From Capital Market Efficiency to Behavioral Finance available in PDF, EPUB and Kindle. Essay from the year 2002 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,9 (B+), Oxford Brookes University (Business School), course: International Finance & Investment, 24 entries in the bibliography, language: English, abstract: Ever since in the history of stock markets, financial theorists try to understand how investors take decisions under uncertainty in order to value stocks precisely and predict their future returns. Their wish to develop a consistent model gave raise for various theoretical approaches and empirical examinations. This work tries to give a short overview on the traditional theory of asset pricing and discusses the need for a paradigm change due to the recent development in the US and UK stock markets.
