THEORETICAL AND METHODOLOGICAL PROPOSALS REGARDING THE INFORMATIONAL EFFICIENCY OF FINANCIAL MARKETS

Camelia Oprean-Stan

Revista Economica, 2015, vol. 67, issue 6, 66-80

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.

Keywords: information efficiency; financial markets; fractal market; behavioural finance (search for similar items in EconPapers)
JEL-codes: G02 G14 (search for similar items in EconPapers)
Date: 2015
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