IDEAS home Printed from https://ideas.repec.org/a/prg/jnlefa/v2012y2012i1id15p62-73.html
   My bibliography  Save this article

The Macroeconomic Effects of Information Asymmetry in the Capital Markets

Author

Listed:
  • Robert G. Kuklik

Abstract

It is possible to say that no matter how the Efficient Market Hypothesis has been criticized and/or overhauled, a degree of the relevant data proliferation is crucial to the investor's decision making process. The information asymmetry is then a phenomenon which creates distortions in a performance of the capital market. The "pseudoeffective" market model is attempting to highlight the impact of this phenomenon on some macroeconomic variables conducive to the general economic equilibrium.

Suggested Citation

  • Robert G. Kuklik, 2012. "The Macroeconomic Effects of Information Asymmetry in the Capital Markets," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2012(1), pages 62-73.
    • Handle: RePEc:prg:jnlefa:v:2012:y:2012:i:1:id:15:p:62-73
    DOI: 10.18267/j.efaj.15
    as

    Download full text from publisher

    File URL: http://efaj.vse.cz/doi/10.18267/j.efaj.15.html
    Download Restriction: free of charge
    File URL: http://efaj.vse.cz/doi/10.18267/j.efaj.15.pdf
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.efaj.15?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Tran Van Quang, 2007. "Testování slabé formy efektivnosti na českém akciovém trhu [Testing the weak form of efficient market hypothesis for the czech stock market]," Politická ekonomie, Prague University of Economics and Business, vol. 2007(6), pages 751-772.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kristoufek, Ladislav, 2009. "Procesy s dlouhou pamětí a jejich vývoj ve výnosech indexu PX v letech 1999 – 2009 [Long-term memory and its evolution in returns of PX between 1999 and 2009]," MPRA Paper 16435, University Library of Munich, Germany.

    More about this item

    Keywords

    Actual return; Effective market equilibrium; Information asymmetry; IS-LM framework.; Pseudoeffective market model;
    All these keywords.

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlefa:v:2012:y:2012:i:1:id:15:p:62-73. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.