Efficient Market Hypothesis: Theoretical and Empirical Foundation and Role in Value Creation

  • Олег Владимирович Лебедев Казанский Государственный Финансово-Экономический Институт
DOI: https://doi.org/10.17323/j.jcfr.2073-0438.5.2.2011.82-91
Keywords: efficient market hypothesis, random walk, martingale, value creation

Abstract

Author: Oleg Vladimirovich Lebedev - E-mail: lebolegan@yandex.ru

The article reviews the efficient market hypothesis’ development in the context of evolution of various statistical models of speculative price data. The critique of EMH is presented; value creation under conditions of weak form market efficiency is analyzed.

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Published
2011-09-08
How to Cite
ЛебедевО. В. (2011) “Efficient Market Hypothesis: Theoretical and Empirical Foundation and Role in Value Creation”, Journal of Corporate Finance Research | ISSN: 2073-0438, 5(2), pp. 82-91. doi: 10.17323/j.jcfr.2073-0438.5.2.2011.82-91.
Issue
Vol 5 No 2 (2011)
Section
Reviews