Problemy efektywności rynku kapitałowego

• Autorzy: Ryszard Węgrzyn

Warianty tytułu

Problems Pertaining to Capital Market Efficiency

• Języki publikacji: PL

Abstrakty

Większość modeli zaprezentowanych w teorii finansów bazuje na ocenie efektywności rynku. Autor zastanawia się nad efektywnością rynku kapitałowego w kontekście hipotez sformułowanych przez F. Fama. Skupia uwagę na ciągu notowań przez długi i krótki czas, ukazuje korelacje istniejące między notowaniami, a P/E i wskaźnikiem P/BV.

EN

Numerous models presented in the theory of finances are based on the assumptions of the efficiency of the capital market. However, that efficiency is somewhat problematic and it is difficult to answer the question if the market is efficient. It can be discussed how it is efficient. In the article the author makes an attempt to answer the question formulated in this way in the context of hypotheses of the efficient market formulated by F.Fama. The author draws attention to the serial correlations of quotations over long and short periods, the author also presented the correlations existing between quotations and the P/E and P/BV rations. (original abstract)

Słowa kluczowe

PL

Rynek kapitałowy; Analiza techniczna; Analiza fundamentalna; Analiza efektywnego rynku; Analiza piśmiennictwa ekonomicznego

EN

Capital market; Technical analysis; Fundamental analysis; Efficient market analysis; Economic literature analysis

• Czasopismo: Zeszyty Naukowe / Akademia Ekonomiczna w Krakowie
• Rocznik: 2000
• Numer: nr 543
• Strony: 65--78

Twórcy

autor

Ryszard Węgrzyn

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