Have been informationally efficient stock markets?

In this paper we study the testing of the stock market efficiency in the last fifteen years, for that we review the papers of ScienceDirect database to characterize the results in percent. We find that 60 % of papers rejects stock market efficiency, 35 % presents evidence of efficiency, and the rema...

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Tipo de recurso:
http://purl.org/coar/resource_type/c_6653
Fecha de publicación:
2014
Institución:
Universidad Pedagógica y Tecnológica de Colombia
Repositorio:
RiUPTC: Repositorio Institucional UPTC
Idioma:
spa
OAI Identifier:
oai:repositorio.uptc.edu.co:001/11887
Acceso en línea:
https://revistas.uptc.edu.co/index.php/cenes/article/view/2906
https://repositorio.uptc.edu.co/handle/001/11887
Palabra clave:
efficient market hypothesis
financial markets.
Hipótesis del mercado eficiente
mercados financieros. (Efficient market hypothesis
financial markets)
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License
Copyright (c) 2014 Juan Benjamín Duarte Duarte, Juan Manuel Mascareñas Pérez-Iñigo
id REPOUPTC2_2c641133c9adbf3ba4bd75fe43b57bc9
oai_identifier_str oai:repositorio.uptc.edu.co:001/11887
network_acronym_str REPOUPTC2
network_name_str RiUPTC: Repositorio Institucional UPTC
repository_id_str
spelling 2014-09-222024-07-05T18:44:24Z2024-07-05T18:44:24Zhttps://revistas.uptc.edu.co/index.php/cenes/article/view/290610.19053/22565779.2906https://repositorio.uptc.edu.co/handle/001/11887In this paper we study the testing of the stock market efficiency in the last fifteen years, for that we review the papers of ScienceDirect database to characterize the results in percent. We find that 60 % of papers rejects stock market efficiency, 35 % presents evidence of efficiency, and the remaining 5 % verifies a progressive improvement in efficiency due to economic reforms, faster information flow and the launch of new financial productsEn el presente trabajo se estudia la contrastación de la eficiencia demercados bursátiles en los últimos quince años, para ello se acude a la revisión de artículos de la base de datos ScienceDirect caracterizando los resultados de forma porcentual. Se encuentra que el 60 % de los trabajos rechaza la eficiencia del mercado, el 35 % presenta evidencia de eficiencia, y el 5 % restante verifica una mejora progresiva de la eficiencia debida a reformas económicas, mayor velocidad en el flujo de información y el lanzamiento de nuevos productos financieros.application/pdfspaspaUniversidad Pedagógica y Tecnológica de Colombiahttps://revistas.uptc.edu.co/index.php/cenes/article/view/2906/2643Copyright (c) 2014 Juan Benjamín Duarte Duarte, Juan Manuel Mascareñas Pérez-Iñigohttp://creativecommons.org/licenses/by-nc-sa/4.0http://purl.org/coar/access_right/c_abf154http://purl.org/coar/access_right/c_abf2Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 117-146Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 117-1462256-57790120-3053efficient market hypothesisfinancial markets.Hipótesis del mercado eficientemercados financieros. (Efficient market hypothesisfinancial markets)Have been informationally efficient stock markets?¿Han sido los mercados bursátiles eficientes informacionalmente?info:eu-repo/semantics/articlePeer reviewed Articlehttp://purl.org/coar/resource_type/c_6653http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/publishedVersionhttp://purl.org/coar/version/c_970fb48d4fbd8a237http://purl.org/coar/version/c_970fb48d4fbd8a85Duarte, Juan Benjamín DuartePérez-Iñigo, Juan Manuel Mascareñas001/11887oai:repositorio.uptc.edu.co:001/118872025-07-18 12:13:26.038metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCrepositorio.uptc@uptc.edu.co
dc.title.en-US.fl_str_mv Have been informationally efficient stock markets?
dc.title.es-ES.fl_str_mv ¿Han sido los mercados bursátiles eficientes informacionalmente?
title Have been informationally efficient stock markets?
spellingShingle Have been informationally efficient stock markets?
efficient market hypothesis
financial markets.
Hipótesis del mercado eficiente
mercados financieros. (Efficient market hypothesis
financial markets)
title_short Have been informationally efficient stock markets?
title_full Have been informationally efficient stock markets?
title_fullStr Have been informationally efficient stock markets?
title_full_unstemmed Have been informationally efficient stock markets?
title_sort Have been informationally efficient stock markets?
dc.subject.en-US.fl_str_mv efficient market hypothesis
financial markets.
topic efficient market hypothesis
financial markets.
Hipótesis del mercado eficiente
mercados financieros. (Efficient market hypothesis
financial markets)
dc.subject.es-ES.fl_str_mv Hipótesis del mercado eficiente
mercados financieros. (Efficient market hypothesis
financial markets)
description In this paper we study the testing of the stock market efficiency in the last fifteen years, for that we review the papers of ScienceDirect database to characterize the results in percent. We find that 60 % of papers rejects stock market efficiency, 35 % presents evidence of efficiency, and the remaining 5 % verifies a progressive improvement in efficiency due to economic reforms, faster information flow and the launch of new financial products
publishDate 2014
dc.date.accessioned.none.fl_str_mv 2024-07-05T18:44:24Z
dc.date.available.none.fl_str_mv 2024-07-05T18:44:24Z
dc.date.none.fl_str_mv 2014-09-22
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.en-US.fl_str_mv Peer reviewed Article
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6653
dc.type.version.spa.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.coarversion.spa.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a237
format http://purl.org/coar/resource_type/c_6653
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.uptc.edu.co/index.php/cenes/article/view/2906
10.19053/22565779.2906
dc.identifier.uri.none.fl_str_mv https://repositorio.uptc.edu.co/handle/001/11887
url https://revistas.uptc.edu.co/index.php/cenes/article/view/2906
https://repositorio.uptc.edu.co/handle/001/11887
identifier_str_mv 10.19053/22565779.2906
dc.language.none.fl_str_mv spa
dc.language.iso.spa.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistas.uptc.edu.co/index.php/cenes/article/view/2906/2643
dc.rights.en-US.fl_str_mv Copyright (c) 2014 Juan Benjamín Duarte Duarte, Juan Manuel Mascareñas Pérez-Iñigo
http://creativecommons.org/licenses/by-nc-sa/4.0
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf154
rights_invalid_str_mv Copyright (c) 2014 Juan Benjamín Duarte Duarte, Juan Manuel Mascareñas Pérez-Iñigo
http://creativecommons.org/licenses/by-nc-sa/4.0
http://purl.org/coar/access_right/c_abf154
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
dc.publisher.en-US.fl_str_mv Universidad Pedagógica y Tecnológica de Colombia
dc.source.en-US.fl_str_mv Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 117-146
dc.source.es-ES.fl_str_mv Apuntes del Cenes; Volumen 33 N°57: enero - junio de 2014; 117-146
dc.source.none.fl_str_mv 2256-5779
0120-3053
institution Universidad Pedagógica y Tecnológica de Colombia
repository.name.fl_str_mv Repositorio Institucional UPTC
repository.mail.fl_str_mv repositorio.uptc@uptc.edu.co
_version_ 1839633814601596928

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