A Competitive Approach to Financial Issues

A Competitive Approach to Financial Issues

Author: 
Okur, Mustafa
Place: 
Hershey
Publisher: 
IGI Global
Date published: 
2013
Responsibility: 
Gurbuz, A. Osman, jt.author
Editor: 
Dinçer, Hasan
Journal Title: 
Global Strategies in Banking and Finance
Source: 
Global Strategies in Banking and Finance
Abstract: 

Efficient Market Hypothesis (EMH) is a cornerstone in modern finance theory. Efficient market hypothesis states that it is impossible to make abnormal returns in financial markets because financial asset prices always reflect all available information. This chapter was undertaken in order to give a brief survey of modern finance theory by mainly focusing on the efficient market hypothesis. The authors also discuss the empirical foundations of the efficient market hypothesis. Finally, the main challenges to the efficient market hypothesis are introduced in order to point out a perspective for future research.

Series: 
Advances in Finance, Accounting, and Economics

CITATION: Okur, Mustafa. A Competitive Approach to Financial Issues edited by Dinçer, Hasan . Hershey : IGI Global , 2013. Global Strategies in Banking and Finance - Available at: https://library.au.int/competitive-approach-financial-issues