THE DEVELOPMENT AND THE CURRENT STATUS OF THE CAPITAL MARKET HYPOTHESES: A FEW BENCHMARKS

BRATIAN Vasile , Lucian Blaga University of Sibiu, Romania

BUCUR Amelia , Lucian Blaga University of Sibiu, Romania

Abstract:
The capital markets are in continuous development and change, which raises the question whether the market hypotheses are still relevant and statistically valid in the present times. Thus, this paper presents an analysis of the development and the current status of the capital market hypotheses. Moreover, the paper presents a summary of the tests used to assess form efficiency in a developing market, and of the research methods used to detect chaos in a financial time series.

Keywords: market hypothesis, tests, chaos

JEL Classification: C12, C58, C69

Volume: 69, Issue: 1

Pages: 22 - 28

Publication date: April, 2017

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/69102bratian&bucur.pdf

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