Informational Efficiency Tests on the Romanian Stock Market: A Review of the Literature
作者： Victor Dragota , Dragos Stefan Oprea , None
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摘要: The Efficient Market Hypothesis is still a 'hot' topic in financial economics. This paper provides review of the empirical results obtained investigation Romanian stock market’s informational efficiency. Tests on predictability returns suggest that market has low level Furthermore, impact new information more intense before and after its release. Moreover, some papers put into question coincidence between asset prices their intrinsic values.
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