Efficient Markets Hypothesis

Part 1 of ebook "Finance: A quantitative introduction (Volume I)" provides readers with contents including: Chapter 1 - Introduction to finance and financial markets; Chapter 2 - Market participants; Chapter 3 - Fundamentals of financial instruments pricing; Chapter 4 - Hypothesis of informational efficiency of financial markets; Chapter 5 - Financial information;...

107p tuongmothua 11-07-2024 2 0   Download

This paper discusses three papers which examine sell-side analysts from the perspective of Behavioral Finance: Limkriangkrai and Durand, forthcoming; Durand, Limkriangkrai and Fung, 2014; and Durand, Limkriangkrai and Fung, 2019. Distraction, attention, herding, and overconfidence are behavioral phenomena inextricably entangled with the information analysts produce. The paper proposes that such entanglement may be a useful concept to explain deviations from prima facie correct pricing.

9p longtimenosee09 08-04-2024 3 1   Download

Part 1 book "The economics of moneys, banking and financial markets" includes content: Understanding interest rates, the behaviour of interest rates, the risk and term structure of interest rates, the stock market, the theory of rational expectations, and the efficient market hypothesis, an economic analysis of financial structure, financial crises and the subprime meltdown, economic analysis of financial regulation.

411p oursky01 24-07-2023 8 5   Download

Ebook The economics of money, banking, and financial markets (7th ed): Part 1 presents the following content: Chapter 1 why study money, banking, and financial markets? chapter 2 an overview of the financial system..

441p haojiubujain02 03-07-2023 8 3   Download

Ebook Investments (Tenth edition): Part 2 presents the following content: Chapter 9 the capital asset pricing model, chapter 10 arbitrage pricing theory and multifactor models of risk and return, chapter 11 the efficient market hypothesis, chapter 12 behavioral finance and technical analysis, chapter 13 empirical evidence on security returns, chapter 14 bond prices and yields, chapter 15 the term structure of interest rates, chapter 16 managing bond portfolios, chapter 17 macroeconomic and industry analysis, chapter 18 equity valuation models, chapter 19 financial statement analysis, chapte...

761p haojiubujain01 06-06-2023 7 4   Download

Ebook ACCA Paper F9: Financial Management - Class Notes: Part 2 presents the following content: Chapter 6: capital structure and risk adjusted WACC; chapter 7: ratio analysis; chapter 8: raising equity finance; chapter 9: working capital management; chapter 10: efficient market hypothesis; chapter 11: valuation; chapter 12: risk.

99p haojiubujain01 06-06-2023 11 4   Download

Ebook Essentials of investments (Seventh edition): Part 1 presents the following content: Chapter 1 investments: background and issues; chapter 2 asset classes and financial instruments; chapter 3 securities markets; chapter 4 mutual funds and other investment companies; chapter 5 risk and return: pastand prologue; chapter 6 efficient diversification; chapter 7 capital asset pricing and arbitrage pricing theory; chapter 8 the efficient market hypothesis; chapter 9 behavioral finance and technical analysis; chapter 10 bond prices and yields; chapter 11 managing bond portfolios.

396p runthenight04 04-01-2023 22 7   Download

Ebook Essentials of investments (Seventh edition): Part 2 presents the following content: Chapter 1 investments: background and issues; chapter 2 asset classes and financial instruments; chapter 3 securities markets; chapter 4 mutual funds and other investment companies; chapter 5 risk and return: pastand prologue; chapter 6 efficient diversification; chapter 7 capital asset pricing and arbitrage pricing theory; chapter 8 the efficient market hypothesis; chapter 9 behavioral finance and technical analysis; chapter 10 bond prices and yields; chapter 11 managing bond portfolios.

364p runthenight04 04-01-2023 23 7   Download

Lecture Money, Banking & Finance (2) - Lecture 2: The stock market, rational expectations and efficient markets. Learning objectives of this chapter include: Explain the theory of valuing stocks; explore how expectations influence affect the value of stocks; understand the theory of rational expectations; understand the concept of the efficient markets hypothesis.

40p runordie1 10-05-2022 14 2   Download

Lecture The economics of Money, Banking and Financial markets: Chapter 7 - The stock market, the theory of rational expectations, and the efficient markets hypothesis. In this chapter, we look first at how this important market works. We begin by discussing the fundamental theories that underlie the valuation of stocks. These theories are critical to understanding the forces that cause the value of stocks to rise and fall minute by minute and day by day.

8p runordie1 10-05-2022 18 2   Download

This paper shows that markets could behave independently of the concepts and terminology of the EMH, and that computational irreducibility found in complex systems demonstrates its invalidity.

5p lazzaro 30-12-2021 21 0   Download

This paper combines these two issues in the same analysis. Data on the daily closing index of six ASEAN stock markets, including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam are used to calculate Shannon entropy to measure the stock market information efficiency. In addition, this paper conducts the Granger causality test to reveal the relationships between the ASEAN stock markets.

14p cothumenhmong9 04-01-2021 27 5   Download

After studying this chapter you will be able to understand: Cost of equity - dividend with constant growth (example), cost of preference shares, cost of debt – terminology, tax on interest, irredeemable debt, redeemable debt, convertible debt, efficient market hypothesis.

13p nanhankhuoctai9 23-07-2020 24 5   Download

After studying this chapter you will be able to understand: Effective / equivalent periodic rate of return, convertible debt, efficient market hypothesis, effective / equivalent periodic rate of return for non-annual cash flows, convertible debentures, convertible debentures – calculation method,...

22p nanhankhuoctai9 23-07-2020 14 5   Download

After studying this chapter you will be able to understand: Cost of debt – terminology, tax on interest, irredeemable debt, redeemable debt, convertible debt, efficient market hypothesis.

18p nanhankhuoctai9 23-07-2020 22 4   Download

After studying this chapter you will be able to understand: Redeemable debt, convertible debt, efficient market hypothesis, imp tips for calculations, cost of debt - revision, cost of debt – half yearly interest payments.

17p nanhankhuoctai9 23-07-2020 11 4   Download

This paper investigates the dynamics of the factors of the Fama & French (1993) model using data from the UK financial market. Since financial markets are exposed to exogenous and endogenous structural changes due to the implementation of new regulative guidelines and/or the fluctuation of investors’ behavior or the unanticipated financial crises, my analysis is based on an econometric methodology that accounts for structural breaks and regimes shifts.

19p nguyenanhtuan_qb 09-07-2020 31 4   Download

In this chapter we explore the reasoning behind what may seem a surprising conclusion. We show how competition among analysts leads naturally to market efficiency, and we examine the implications of the efficient market hypothesis for investment policy. We also consider empirical evidence that supports and contradicts the notion of market efficiency.

23p nanhankhuoctai1 29-05-2020 17 0   Download

This paper analyzes the statistical and economic significance of the calendar anomalies to propose appropriate strategies or recommendations. Studying the calendar anomalies in Vietnam also diversifies the research scope and validates some hypotheses in the past.

6p kelseynguyen 26-05-2020 21 1   Download

This paper shows that most admired companies generate admirable stock performance relative to the market. The current study analyses risk premiums and risk-adjusted excess returns of a portfolio of firms ranked as the most admired companies in the United States from 2006 to 2011. The results show that average risk premiums of an equal-weighted portfolio of most admired firms are economically superior than the market risk premiums from 2006 to 2011 (except 2010).

9p nguyenminhlong19 21-04-2020 15 2   Download