Record Details

A Critical Review of the Market Efficiency Concept

Shirkah Journal of Economics and Business

View Archive Info
 
 
Field Value
 
Title A Critical Review of the Market Efficiency Concept
 
Creator Mustafa, Karwan Hussein
Ahmed, Amanj Mohamed
 
Subject Accounting, finance, business
Critical Review; Market Efficiency; Security Prices
 
Description The market efficiency hypothesis has attracted a notable number of economists to conduct investigations in this field. It could be considered as an effective method of driving investors towards the right direction while trading in the security market. A large number of researches believe that the market is efficient in some of its forms, while others take a different view. Drawing on previous theoretical and empirical studies investigating market efficiency and its three forms, this paper critically examines the concept of market efficiency through a critical review from different points of views. Moreover, it highlights a number of empirical tests and their results with regard to the three forms of market efficiency. It also focuses on the influence of market efficiency on the security prices. This paper concludes that the market seems to be more efficient in regards to its weak form instead of the strong and semi- strong forms, as a result, it is difficult to predict future security prices and obtain abnormal profits by only analyzing historical records.
 
Publisher IAIN Surakarta
 
Contributor —
 
Date 2020-09-07
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://shirkah.or.id/new-ojs/index.php/home/article/view/326
10.22515/shirkah.v5i2.326
 
Source Shirkah: Journal of Economics and Business; Vol 5, No 2 (2020); 271-285
2503-4243
2503-4235
 
Language eng
 
Relation http://shirkah.or.id/new-ojs/index.php/home/article/view/326/95
 
Rights Copyright (c) 2020 Shirkah: Journal of Economics and Business
http://creativecommons.org/licenses/by-nc/4.0