Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital Market
Informational efficiency of capital markets has been the subject of numerous empirical studies. Intensive research of the field is justified by the important implications of the knowledge of the of informational efficiency level in the financial practice. Empirical studies that have tested the effic...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Universitaria Publishing House
2013-11-01
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| Series: | Finanţe: Provocările viitorului |
| Subjects: | |
| Online Access: | http://www.financejournal.ro/fisiere/revista/159226811419_Brezeanu_en.pdf |
| _version_ | 1811267264649887744 |
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| author | Dragoș Mînjină Petre Brezeanu |
| author_facet | Dragoș Mînjină Petre Brezeanu |
| author_sort | Dragoș Mînjină |
| collection | DOAJ |
| description | Informational efficiency of capital markets has been the subject of numerous empirical studies. Intensive research of the field is justified by the important implications of the knowledge of the of informational efficiency level in the financial practice. Empirical studies that have tested the efficient markets hypothesis on the Romanian capital market revealed mostly that this market is not characterised by the weak form of the efficient markets hypothesis. However, recent empirical studies have obtained results for the weak form of the efficient markets hypothesis. The present decline period of the Romanian capital market, recorded on the background of adverse economic developments internally and externally, will be an important test for the continuation of recent positive developments, manifested the level of informational efficiency too. |
| first_indexed | 2024-04-12T20:59:19Z |
| format | Article |
| id | doaj.art-9fd7c99f83b34e75a812c9bf4ebafcb9 |
| institution | Directory Open Access Journal |
| issn | 1583-3712 1583-3712 |
| language | English |
| last_indexed | 2024-04-12T20:59:19Z |
| publishDate | 2013-11-01 |
| publisher | Universitaria Publishing House |
| record_format | Article |
| series | Finanţe: Provocările viitorului |
| spelling | doaj.art-9fd7c99f83b34e75a812c9bf4ebafcb92022-12-22T03:16:53ZengUniversitaria Publishing HouseFinanţe: Provocările viitorului1583-37121583-37122013-11-01115151158Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital MarketDragoș Mînjină0Petre Brezeanu1Academy of Economic Studies BucharestAcademy of Economic Studies BucharestInformational efficiency of capital markets has been the subject of numerous empirical studies. Intensive research of the field is justified by the important implications of the knowledge of the of informational efficiency level in the financial practice. Empirical studies that have tested the efficient markets hypothesis on the Romanian capital market revealed mostly that this market is not characterised by the weak form of the efficient markets hypothesis. However, recent empirical studies have obtained results for the weak form of the efficient markets hypothesis. The present decline period of the Romanian capital market, recorded on the background of adverse economic developments internally and externally, will be an important test for the continuation of recent positive developments, manifested the level of informational efficiency too.http://www.financejournal.ro/fisiere/revista/159226811419_Brezeanu_en.pdfefficient market hypothesisinformational efficiencyrandom walk hypothesis |
| spellingShingle | Dragoș Mînjină Petre Brezeanu Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital Market Finanţe: Provocările viitorului efficient market hypothesis informational efficiency random walk hypothesis |
| title | Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital Market |
| title_full | Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital Market |
| title_fullStr | Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital Market |
| title_full_unstemmed | Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital Market |
| title_short | Is the Economic andTesting the Efficient Markets Hypothesis on the Romanian Capital Market |
| title_sort | is the economic andtesting the efficient markets hypothesis on the romanian capital market |
| topic | efficient market hypothesis informational efficiency random walk hypothesis |
| url | http://www.financejournal.ro/fisiere/revista/159226811419_Brezeanu_en.pdf |
| work_keys_str_mv | AT dragosminjina istheeconomicandtestingtheefficientmarketshypothesisontheromaniancapitalmarket AT petrebrezeanu istheeconomicandtestingtheefficientmarketshypothesisontheromaniancapitalmarket |