The main purpose of this paper is efficiency analysis as well as its quantification in the case
of emerging capital markets, by building a new measure of market efficiency. The basic …

The Efficient Markets Hypothesis (EMH) has been one of the most influential ideas in the
past years and highlights that assets prices incorporate all information rationally and …

Empirical finance has brought together a considerable number of studies in determining the
market efficiency in terms of information in the case of an emerging financial market …

Universitatea Lucian Blaga din Sibiu Facultatea de Ştiinţe Economice Departamentul de
Finanţe și Contabilitate Conf. dr. BR Page 1 Universitatea Lucian Blaga din Sibiu Facultatea de …

Abstract Efficient Market Hypothesis (EMH) has attracted a considerable number of studies
in empirical finance, particularly in determining the market efficiency of an emerging …

Efficient Market Hypothesis (EMH) has attracted a considerable number of studies in
empirical finance, particularly in determining the market efficiency of an emerging financial …

The capital markets are in continuous development and change, which raises the question
whether the market hypotheses are still relevant and statistically valid in the present times …