The Analysis of the Capital Market Efficiency
Journal Title: Revista Romana de Statistica - Year 2012, Vol 60, Issue 4
Abstract
The efficiency of the capital market aims the relation existing between the mechanism of the market prices forming and the existing information on the market at the respective moment. According to the theory of the years '60, a market may be considered as efficient if the prices of the transacted financial assets on the market incorporate entirely the available information, either public or private. The efficiency of the capital market is a sine qua non condition for the efficient allocation of the capitals within the economy and represents a fundamental hypothesis of the classical methods of the evaluation of the financial assets (Markowitz, CAPM etc).
Authors and Affiliations
Gabriela-Victoria ANGHELACHE, Andreea NEGRU (CIOBANU), Cătălina Claudia SAVA
Keywords
Related Articles
- EP ID EP135446
- DOI -
- Views 134
- Downloads 0
Practical Aspects of Credibility Theory Aiming the Hierarchical Model with Two-Levels
It is an original paper, which shows how the hierarchical model with two levels, can be used to determine the linear non-homogeneous credibility premiums at the sector level and at the contract level. The fact that it is...
The Features of the Chronological Series of Statistical Indices
The characterization of the evolution over a past period (ex-post) of the prices for consumption goods and services acquired on the market implies the construction and the analysis of the specific chronological series. T...
Variance Estimation Using Package vardpoor in R
The paper is devoted to the R package vardpoor. The Central Statistical Bureau of Latvia in 2012 developed R package vardpoor. The package vardpoor was developed with the objective to modernise the sample error estimatio...
Aspects Regarding Alternative Currencies
The occurrence and use of alternative currencies is manly related to the informal economy area, usually placed outside the economists preoccupation. Under the conditions of the current crisis, there is, however, a recon...
Model statistico-econometric de analiză dispersională
Dispersie statistică se referă la gradul de dispersie al unui set de valori de date. Analiza de dispersie este bazată pe metoda de grupare. Prin aceasta influența asupra caracteristicii rezultate a factorilor înregistraţ...