IDEAS home Printed from https://ideas.repec.org/a/agr/journl/v12(517)(supplement)y2008i12(517)(supplement)p117-126.html
   My bibliography  Save this article

Testing The Semi-Strong Form Of The Efficient Market Hypothesis On Public Offers For Acquisition/Takeover In The Pharmaceutical And The Aluminium Sectors Of The Romanian Capital Market

Author

Listed:
  • Dragos Ioan Minjina

    (Academy of Economic Studies, Bucharest)

  • Oana Resceanu

    (Academy of Economic Studies, Bucharest)

Abstract

The efficiency of the capital market is one of the most studied hypotheses, having an important impact, both in financial modelling and real economy. The research paper is focused on the announcements for acquisitions and takeover public offers for companies acting in the pharmaceutical and the aluminium sectors listed on the Romanian capital market. After testing the semi-strong form of the efficient market hypothesis in Romania, using the event studies technique for these announcements, the result was that the capital market in Romania is inefficient.

Suggested Citation

  • Dragos Ioan Minjina & Oana Resceanu, 2008. "Testing The Semi-Strong Form Of The Efficient Market Hypothesis On Public Offers For Acquisition/Takeover In The Pharmaceutical And The Aluminium Sectors Of The Romanian Capital Market," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 12(12(517)(s), pages 117-126, December.
    • Handle: RePEc:agr:journl:v:12(517)(supplement):y:2008:i:12(517)(supplement):p:117-126
    as

    Download full text from publisher

    File URL: http://store.ectap.ro/suplimente/Finante_nov_2008_en.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:agr:journl:v:12(517)(supplement):y:2008:i:12(517)(supplement):p:117-126. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marin Dinu (email available below). General contact details of provider: https://edirc.repec.org/data/agerrea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.