However, existing research has not examined the critical question of how these "winners" perform subsequent to receiving internal capital鈥攖hat is, do winners keep winning? We extend the literature by providing empirical evidence on whether or not internal capital markets are ex post efficient. We...
Efficient Market Hypothesis (EMH) has attracted a considerable number of studies in empirical finance, particularly in determining the market efficiency of the capital markets. Conflicting and inconclusive outcomes have been generated by various existing studies in EMH. The purpose of the fractal market...
aWhen the highly developed capital markets are not completely efficient in strong form, perhaps ineffective is limited, and research suggests that the UK and the U.S. stock market have a high degree of efficiency. 当高度发展的资本市场不是完全地高效率的以强的形式时,或许无效是有限的,并且研究...
aMarkets are strong form efficient if share prices reflect all information. In such a market, no one can make abnormal returns. While well-developed capital markets are not totally strong form efficient, the inefficiency is perhaps limited and research suggests the UK and US stock markets have ...
International capital markets are markets that offer forums for the people, corporations, and the government to acquire loans used to invest across...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts...
investments that could lead to more jobs later. Meanwhile, proponents contend that returning excess cash to shareholders is a legitimate andefficientuse of capital and that restricting this practice could lead to unintended consequences. These are policy and political questions, not just financial ones...
history shows us that growth rates that are too rapid can create instability and a higher chance of capital flight and runs on the domestic currency. Although efficient central bank management can help, predicting the route an economy ultimately takes is difficult to anticipate, thus contributing to...
Financial services enable the efficient use of funds. Consumers can give their savings to middlemen or advisors who might invest them in the next big technology or enable someone to purchase a home rather than hiding money under their mattresses. ...
Finally, we find that the segment-level investment becomes more efficient in conglomerates' internal capital markets under depressed external capital market ... A Yan,Z Yang,J Jiao - 《Journal of Banking & Finance》 被引量: 80发表: 2010年 Value of Conglomerates and Capital Market Conditions. ...
aFree markets are efficient because they allocate output to buyers who have a willingness to pay that is below the price. 自由市场是有效的因为他们将产品分配给有自愿支付那的买主在价格下面。[translate]