Efficient Market Hypothesis is the cornerstone of modern financial theories. As the tests of market efficiency firstly started from developed markets, the studi

This is the Black & White version of the book, available at a discount, which does not include the research data and analysis tables. There is also a Full Colou

Market Efficiency is an area of enormous interest in financial literature. Numerous researchers conducted empirical studies in testing weak-form market efficien

Efficient Market Hypothesis is an investment theory which states that it is impossible to 'beat the market' because market efficiency causes exiting share price

The Efficient Market Hypothesis (EMH) asserts that, at all times, the price of a security reflects all available information about its fundamental value. The im