Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 66 for “"Efficient Market Hypothesis"”.
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The efficient market hypothesis and gambling on National Football League games
The efficient market hypothesis (EMH) for sport betting states that all publicly available information should be mirrored in betting lines, so there should be no bias of betting outcomes. Because of several similarities to financial markets, the sport betting market is thought of as a fair market. …
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The efficient market hypothesis and a change to L.I.F.O. : an empirical study on the Johannesburg Stock Exchange
The dissertation presents a discussion on the Efficient Market Hypothesis (EMH) with particular reference to the implications for Financial Reporting. Furthermore a conceptual framework is proposed for empirical research in accounting. The results obtained indicate a significant negative reaction …
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Long memory in bond market returns: a test of weak-form efficiency in Botswana's bond market
… examines the efficiency of Botswana's bond market. It focuses on the properties of the return and volatility of the Fleming Asset Bond Index (the main aggregate fixed income benchmark index in Botswana) over the period September 2009 to May 2019. The weak-form version of efficient market …
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The suspension of disbelief: the myth of market memories
Although the Efficient Market Hypothesis dismisses the idea that markets have a memory, technical chartists continue to believe that markets can react in similar ways to similar past events. One of the methods of technical analysis commonly used is candlestick charting. The objective of this thesis …
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An order flow model and a liquidity measure of financial markets
… of liquidity generation process of financial markets and attempts to find a quantitative measure of market liquidity. Various statistical modeling techniques are introduced to model order flow generation, which is a liquidity generation process of the market. The order flow model successively …
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Active bear, passive bull: a comparative analysis of active and passive investing during and bear market runs in South Africa
… the analysis evaluated the South African markets' level of information efficiency using the efficient market hypothesis. Methodology: The portfolios used within the study are self-derived, and the weightings are rebalanced to allow new entrants to enter the market. This study will make use …
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The impact of firm size and industry on director dealing profitability: evidence from the Johannesburg Stock Exchange
… The study first tests the strong form of the Efficient Market Hypothesis by investigating whether abnormal returns are earned by directors purchasing or selling their own firms' shares, and thereafter the semi-strong form of the Efficient Market Hypothesis by investigating the occurrence of …
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An analysis of Candlestick charting: the predictive power of the three-outside-up and three-outside-down Candlestick patterns in the context of small capitalization stocks in the USA
… imply that there is no evidence to challenge the Efficient Market Hypothesis.
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Hafa fréttatilkynningar til Kauphallarinnar verðmyndandi áhrif á hlutabréfaverð Ölgerðarinnar?
… kenningu Fama (1970) um skilvirkni markaða (e. efficient market hypothesis). Í greiningunni voru teknir fyrir 43 atburðir og þeir flokkaðir sem jákvæðir, neikvæðir eða hlutlausir. Niðurstöður benda til þess að jákvæðar og neikvæðar fréttir sýni fram á marktæk viðbrögð í kringum birtingu frétta, …
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Short Interest and the Cross-Section of S&P500 Share Returns
… results for the short interest ratio support the efficient market hypothesis. In contrast, the short float ratio serves as a bullish indicator.
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A study of market efficiency in the period preceding earnings announcements
The Efficient Market Hypothesis, which has been one of the fundamental propositions of finance for over 30 years, implies that an investor, whether he is an amateur or a professional trader, cannot consistently beat the market. In this study, we examine if this theory holds in the period preceding …
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Essays in Real Estate Pricing
… interpreted as a yet another affirmation of the efficient market hypothesis and, by extension, a refutation that value firms---once adjusted for their characteristics---outperform growth firms."
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Market efficiency, volatility behaviour and asset pricing analysis of the oil & gas companies quoted on the London Stock Exchange.
This research assessed market efficiency, volatility behaviour, asset pricing, and oil price risk exposure of the oil and gas companies quoted on the London Stock Exchange with the aim of providing fresh evidence on the pricing dynamics in this sector. In market efficiency analysis, efficient …
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Tariffs and stock returns : the effect of U.S. tariffs and Canadian, Chinese and European retaliatory tariffs in 2018
… Firstly, that the announcement of tariffs in one market would lead to average abnormal returns, either positive or negative, for companies in that market. Secondly, that the announcement of tariffs in one market would lead to average abnormal returns, either positive or negative, for companies in …
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Here's an idea : knowledge sharing among competitors to build a critical mass
… and (2) it is at odds with the neoclassical efficient-market hypothesis (EMH). Using a limitation of the EMH framework, I posit that expectations regarding the strength of the market's efficiency for a stock, measured as the amount of information available about that firm and the level of …
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Memory Vs Momentum - Exploring Momentum Strategies With The Hurst Exponent
… movements, has been one of the most puzzling market anomalies in modern finance. This paper seeks to exploit the momentum profitability from the perspective of the excursion patterns in the stock price movements. A theoretical framework is developed for momentum strategy analysis and the long …
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Relationship between AUM and Alpha in SA mutual funds
… finding is consistent with the semi-strong form efficient market hypothesis that securities reflect publicly available information. This finding implies that the exponential growth in AUM experienced in South Africa over the past two decades has neither enhanced nor come at the cost of returns. …
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The analysis of stock returns in the London Stock Exchange in the context of the cyclical adjusted price to earnings ratio signals.
… asset pricing models in the context of different market sentiments, as highlighted by the CAPE ratio. The behaviour of stock returns in the light of different asset pricing models is evaluated and compared in different subsamples classified as under priced, fairly priced and overpriced markets. …
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Effect of market anomalies on expected returns on the JSE: A cross-sector analysis
The efficient market hypothesis and behavioural finance have been the cause of much debate for decades, with one theory advocating market efficiency and the other opposing it. The efficient market hypothesis (EMH) assumes that investors always act rationally and stock prices adjust rapidly to new …
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An analysis of technical trading strategies
… rely on the theoretical alternatives to the efficient market hypothesis which encourages possibilities for markets to be inefficient. We then investigate the link between the risk involved in trading rule strategies and the resulting excess returns. The empirical analysis is based mainly on a …
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