Information Efficiency and Anomalies in Asian Equity Markets Theories and Evidence |
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| Editor:
| Munir, Qaiser
Kok, Sook Ching |
| Series title: | Routledge Studies in the Modern World Economy Ser. |
| ISBN: | 978-1-317-27030-0 |
| Publication Date: | Oct 2016 |
| Publisher: | Taylor & Francis Group
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| Imprint: | Routledge |
| Book Format: | Digital (delivered electronically) |
| List Price: | USD $52.95USD $235.00USD $235.00 |
Book Description:
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The efficient market hypothesis (EMH) maintains that all relevant information is fully and immediately reflected in a stock price and that an investor will obtain an equilibrium rate of return. This has far reaching implications in terms of capital allocation, stock price predictability, as well as the possibility of any profitable trading strategies that can be used to 'beat the market'. Equity market anomalies reflect that the market is inefficient and hence, contradicts the EMH....
More Description
The efficient market hypothesis (EMH) maintains that all relevant information is fully and immediately reflected in a stock price and that an investor will obtain an equilibrium rate of return. This has far reaching implications in terms of capital allocation, stock price predictability, as well as the possibility of any profitable trading strategies that can be used to 'beat the market'. Equity market anomalies reflect that the market is inefficient and hence, contradicts the EMH. This book gathers both theoretical and practical perspectives related to stock market efficiency to help address the future challenges facing the global stock markets and economies.