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Theoretical And Methodological Proposals Regarding The Informational Efficiency Of Financial Markets

Author

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  • OPREAN Camelia

    (Lucian Blaga University of Sibiu, Romania)

Abstract

The efficient market theory has given rise to numerous controversies which have further generated new research trends, some focusing on complex mathematical models, whereas others focusing on different hypotheses of financial markets approached form completely new perspectives. In this article, we present the new paradigms in the field of financial market efficiency, such as: the Adaptive Market Hypothesis, the Noisy Market Hypothesis, the Fractal Market Hypothesis and the Behavioural Finance. Also, we analyse the effects of fractal market hypothesis and of behavioural finance on emerging capital markets.

Suggested Citation

  • OPREAN Camelia, 2015. "Theoretical And Methodological Proposals Regarding The Informational Efficiency Of Financial Markets," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 67(6), pages 66-80, December.
  • Handle: RePEc:blg:reveco:v:67:y:2015:i:6:p:66-80
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    More about this item

    Keywords

    information efficiency; financial markets; fractal market; behavioural finance;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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