Normal view MARC view

Market efficiency and equity pricing: international evidence and implications for global investing

Author: Hawawini, Gabriel INSEAD Area: Finance In: International finance: contemporary issues - Das, Dilip K. - 1993 - Book Language: EnglishDescription: p. 291-318.Type of document: INSEAD ChapterNote: Please ask the Library for this chapter.Abstract: In this chapter we examine the notion of market efficiency and present a survey of the international evidence regarding the validity of the efficient market hypothesis (EMH). The focus is on the most recent evidence which is generally at odds with this hypothesis. We also investigate the validity of the CAPM and the arbitrage pricing theory as descriptors and predictors of common stock returns in various stock exchanges around the world. Throughout the chapter we examine the implications of our findings for global portfolio management
Tags: No tags from this library for this title. Add tag(s)
Log in to add tags.
Item type Current location Collection Call number Status Date due
INSEAD Chapter Digital Library
PDF Available

Please ask the Library for this chapter.

In this chapter we examine the notion of market efficiency and present a survey of the international evidence regarding the validity of the efficient market hypothesis (EMH). The focus is on the most recent evidence which is generally at odds with this hypothesis. We also investigate the validity of the CAPM and the arbitrage pricing theory as descriptors and predictors of common stock returns in various stock exchanges around the world. Throughout the chapter we examine the implications of our findings for global portfolio management

Digitized

There are no comments for this item.

Log in to your account to post a comment.
Koha 3.18 - INSEAD Library Catalogue
Library Home | Contact Us | What's Koha?