Have been informationally efficient stock markets?
In this paper we study the testing of the stock market efficiency in the last fifteen years, for that we review the papers of ScienceDirect database to characterize the results in percent. We find that 60 % of papers rejects stock market efficiency, 35 % presents evidence of efficiency, and the rema...
| Main Authors: | , |
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| Format: | Online |
| Language: | spa |
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Universidad Pedagógica y Tecnológica de Colombia
2014
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| Online Access: | https://revistas.uptc.edu.co/index.php/cenes/article/view/2906 |
| _version_ | 1801705946441842688 |
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| author | Duarte, Juan Benjamín Duarte Pérez-Iñigo, Juan Manuel Mascareñas |
| author_facet | Duarte, Juan Benjamín Duarte Pérez-Iñigo, Juan Manuel Mascareñas |
| author_sort | Duarte, Juan Benjamín Duarte |
| collection | OJS |
| description | In this paper we study the testing of the stock market efficiency in the last fifteen years, for that we review the papers of ScienceDirect database to characterize the results in percent. We find that 60 % of papers rejects stock market efficiency, 35 % presents evidence of efficiency, and the remaining 5 % verifies a progressive improvement in efficiency due to economic reforms, faster information flow and the launch of new financial products |
| format | Online |
| id | oai:oai.revistas.uptc.edu.co:article-2906 |
| institution | Revista Apuntes del Cenes |
| language | spa |
| publishDate | 2014 |
| publisher | Universidad Pedagógica y Tecnológica de Colombia |
| record_format | ojs |
| spelling | oai:oai.revistas.uptc.edu.co:article-29062022-06-17T21:33:45Z Have been informationally efficient stock markets? ¿Han sido los mercados bursátiles eficientes informacionalmente? Duarte, Juan Benjamín Duarte Pérez-Iñigo, Juan Manuel Mascareñas efficient market hypothesis financial markets. Hipótesis del mercado eficiente mercados financieros. (Efficient market hypothesis financial markets) In this paper we study the testing of the stock market efficiency in the last fifteen years, for that we review the papers of ScienceDirect database to characterize the results in percent. We find that 60 % of papers rejects stock market efficiency, 35 % presents evidence of efficiency, and the remaining 5 % verifies a progressive improvement in efficiency due to economic reforms, faster information flow and the launch of new financial products En el presente trabajo se estudia la contrastación de la eficiencia demercados bursátiles en los últimos quince años, para ello se acude a la revisión de artículos de la base de datos ScienceDirect caracterizando los resultados de forma porcentual. Se encuentra que el 60 % de los trabajos rechaza la eficiencia del mercado, el 35 % presenta evidencia de eficiencia, y el 5 % restante verifica una mejora progresiva de la eficiencia debida a reformas económicas, mayor velocidad en el flujo de información y el lanzamiento de nuevos productos financieros. Universidad Pedagógica y Tecnológica de Colombia 2014-09-22 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf https://revistas.uptc.edu.co/index.php/cenes/article/view/2906 10.19053/22565779.2906 Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 117-146 Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 117-146 2256-5779 0120-3053 spa https://revistas.uptc.edu.co/index.php/cenes/article/view/2906/2643 Copyright (c) 2014 Juan Benjamín Duarte Duarte, Juan Manuel Mascareñas Pérez-Iñigo http://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | efficient market hypothesis financial markets. Hipótesis del mercado eficiente mercados financieros. (Efficient market hypothesis financial markets) Duarte, Juan Benjamín Duarte Pérez-Iñigo, Juan Manuel Mascareñas Have been informationally efficient stock markets? |
| title | Have been informationally efficient stock markets? |
| title_alt | ¿Han sido los mercados bursátiles eficientes informacionalmente? |
| title_full | Have been informationally efficient stock markets? |
| title_fullStr | Have been informationally efficient stock markets? |
| title_full_unstemmed | Have been informationally efficient stock markets? |
| title_short | Have been informationally efficient stock markets? |
| title_sort | have been informationally efficient stock markets |
| topic | efficient market hypothesis financial markets. Hipótesis del mercado eficiente mercados financieros. (Efficient market hypothesis financial markets) |
| topic_facet | efficient market hypothesis financial markets. Hipótesis del mercado eficiente mercados financieros. (Efficient market hypothesis financial markets) |
| url | https://revistas.uptc.edu.co/index.php/cenes/article/view/2906 |
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