Efficient Market Hypothesis in Times of the Financial Crisis: Evidence

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F12%3A86080786" target="_blank" >RIV/61989100:27510/12:86080786 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Efficient Market Hypothesis in Times of the Financial Crisis: Evidence
Original language description
Efficient market hypothesis (EMH) is an integral part of financial economics for decades. Efficient market fully and accurately reflects all relevant information. Stock market efficiency with respect to a set of reliable information leads to the fact that it is not possible to achieve consistently abnormal returns by trading. The efficiency in the concept of efficient market hypothesis means that the information are fully reflected in stock prices, therefore it is the information efficiency. First it will be discussed the theoretical background of an efficient stock market hypothesis. Then, using data obtained from the Czech and Polish stock market it will be tested the weak form of efficient market hypothesis by linear and nonlinear statistical methods. The aim of this paper is to analyse an impact of the global financial crisis in 2008-09 on the weak form of efficiency of the Czech and Polish stock markets.
Czech name
—
Czech description
—

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Recent advances in business administration : proceedings of the 6th WSEAS International Conference on Business Administration (ICBA '12)
ISBN
978-1-61804-066-4
ISSN
1792-7331
e-ISSN
—
Number of pages
6
Pages from-to
25-30
Publisher name
WSEAS Press
Place of publication
Neuvedeno
Event location
Cambridge
Event date
Jan 25, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—

Similar results(10)