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A hatékony piacok elméletének elméleti és gyakorlati relevanciája
[The theoretical and practical relevance of the theory of efficient markets]

Author

Listed:
  • Komáromi, György

Abstract

A 20. század végi elméleti közgazdaságtan egyik kiemelkedő kutatási területe a hatékony piacok elmélete, amely a hetvenes évektől kezdve vált a pénzügyi közgazdaságtan megkerülhetetlen részévé. Már a nyolcvanas évek közepétől azonban támadások, empirikus cáfolatok érték e tant, amely a kilencvenes években szinte divattá vált a nemzetközi mainstream pénzügyi kutatók körében. Nagyrészt bizonyítottá vált, hogy a tőkepiacok nem mindig felelnek meg az információs hatékonyság kritériumainak. Ezt a kérdést kutató pénzügyi tanulmányokból mára szerteágazó szakirodalom született pénzügyi viselkedéstan (behavioral finance) néven. A szerző a fenti két irányzat elméleti hátterét mutatja be, majd a pénzügyi viselkedéstant foglalja egységes keretbe, és végül megvizsgálja az elméleti és gyakorlati relevanciájukat.

Suggested Citation

  • Komáromi, György, 2002. "A hatékony piacok elméletének elméleti és gyakorlati relevanciája [The theoretical and practical relevance of the theory of efficient markets]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 377-395.
    • Handle: RePEc:ksa:szemle:519
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    References listed on IDEAS

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    Cited by:

    1. Gál, Erzsébet, 2011. "Is It Necessary to Regulate Local Governments’ Borrowing? – The Lessons of the Hungarian Case," Public Finance Quarterly, Corvinus University of Budapest, vol. 56(1), pages 125-146.

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    More about this item

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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