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Market Efficiency and Information: A Literature Review

Author

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  • Christophe Boya

    (Université Montpellier 1, Faculté d’économie, Montpellier, France)

Abstract

This article tries to examine the efficiency market hypothesis. Therefore, the efficiency is studied through endogenous and exogenous information. The goal of this paper is to describe the literature review the most exhaustive of effi iency studies. We show that distinct conclusions can be emphasized following the type of analyzed information. Consequently, the endogenous information is not of quality to question the efficiency, rather than the exogenous one shows significant results. The exogenous information allows forecasting future stock returns, and earning profit. It is getting a decision making tool. JEL Classification: G00, G14

Suggested Citation

  • Christophe Boya, 2013. "Market Efficiency and Information: A Literature Review," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 16(2), pages 57-84, May.
    • Handle: RePEc:zag:zirebs:v:16:y:2013:i:2:p:57-84
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    Cited by:

    1. Boya, Christophe M., 2019. "From efficient markets to adaptive markets: Evidence from the French stock exchange," Research in International Business and Finance, Elsevier, vol. 49(C), pages 156-165.
    2. Svitlana Galeshchuk, 2017. "Technological bias at the exchange rate market," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 24(2-3), pages 80-86, April.
    3. Ihor Kendiukhov, 2024. "Present Value of the Future Consumer Goods Multiplier," Papers 2402.01938, arXiv.org.

    More about this item

    Keywords

    efficiency market; endogenous information; exogenous information;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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