Market Efficiency: Stock Market Behaviour in Theory and Practice

ISBN-13: 9781858981611 / Angielski / Twarda / 1997 / 1224 str.

Opis

The Efficient Markets Hypothesis is one of the most controversial and hotly contested ideas in all the social sciences. It is disarmingly simple to state, has far-reaching consequences for academic pursuits and business practice, and yet is surprisingly resilient to empirical proof of refutation. Even after three decades of research and literally thousands of journal articles, economists have not yet reached a consensus about whether markets - particularly financial markets - are efficient or not.