IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04936820.html
   My bibliography  Save this paper

Financial markets anomalies: a research review from the perspective of rational and irrational arguments

Author

Listed:
  • Yassire Elotmani

    (UM5 - Université Mohammed V de Rabat [Agdal])

  • Omar Hniche

    (UM5 - Université Mohammed V de Rabat [Agdal])

  • Nabil Sifouh

    (UM5 - Université Mohammed V de Rabat [Agdal])

  • Khadija Oubal

    (UM5 - Université Mohammed V de Rabat [Agdal])

  • Ismail Benslimane

    (ERMOT - Laboratoire "Etudes et recherches en Management des Organisations et des Territoires" [Fez] - USMBA - Université Sidi Mohamed Ben Abdellah)

  • Sanae Benjelloun

    (ERMOT - Laboratoire "Etudes et recherches en Management des Organisations et des Territoires" [Fez] - USMBA - Université Sidi Mohamed Ben Abdellah)

Abstract

The purpose of this paper is to analyze, through a theoretical synthesis, the various arguments provided by the financial literature in order to comprehend the nature of the irregularities observed in financial centers that contradict the Efficient Market Hypothesis (EMH). Our findings reveal differences of opinion regarding the nature of these anomalies; however, two groups of arguments can be identified. The first group concerns the rational explanations embraced by the proponents of the efficiency hypothesis, while the second group of arguments relates to the insights of behavioral finance, which support the notion of irrational behavior in order to explain the divergence of financial market dynamics from the rationality predicted by traditional finance.

Suggested Citation

  • Yassire Elotmani & Omar Hniche & Nabil Sifouh & Khadija Oubal & Ismail Benslimane & Sanae Benjelloun, 2024. "Financial markets anomalies: a research review from the perspective of rational and irrational arguments," Post-Print hal-04936820, HAL.
    • Handle: RePEc:hal:journl:hal-04936820
    DOI: 10.5281/zenodo.10625677
    Note: View the original document on HAL open archive server: https://hal.science/hal-04936820v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-04936820v1/document
    Download Restriction: no
    File URL: https://libkey.io/10.5281/zenodo.10625677?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
    ---><---

    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:hal:journl:hal-04936820. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.