Is the KLSE efficient? Efficient market hypothesis vs behavioral finance
Over the last 100years since Bachelier (1900)pioneering work on Random Walk Hypothesis, studies on the Efficient Market Hypothesis (EMH) have revealed mixed evidence. EMH states that stock prices reflect information. In an efficient market the prices of stocks reflect a rational assessment of the...
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| Format: | Inaugural Lecture |
| Language: | English |
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2002
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| Online Access: | http://psasir.upm.edu.my/id/eprint/1120/1/LG_173_S45_S981_no.610001.pdf |