An empirical study of weak and semi-strong market efficiency in light of the Great Recession
- Mckellar, Jonathan
- [University Park, Pennsylvania] : Pennsylvania State University, 2018.
- Physical Description:
- 1 electronic document
- Additional Creators:
- Chuderewicz, Russell P. and Schreyer Honors College
- Restrictions on Access:
- Open Access.
- Market efficiency has posed a continuing challenge to academics and researchers in financial economics. Predicating that asset prices fully build in all information, Famas Efficient Market Hypothesis sparked decades of investigation into whether such equity prices are informationally efficient. The main thrust of this paper involves a thorough investigation into the variety of testing methodologies for weak form market efficiency, yielding interesting results when financial stocks are contrasted with other stocks (such as technology companies or stock indices). There is also attention devoted to an event study for testing semi-strong market efficiency and brief commentary on strong efficiency.
- Dissertation Note:
- B.S. Pennsylvania State University 2018.
- Technical Details:
- The full text of the dissertation is available as an Adobe Acrobat .pdf file ; Adobe Acrobat Reader required to view the file.
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