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
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