Lecture

Efficient Market Hypothesis: Evidence and Event Studies

In course

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Description

This lecture discusses evidence against the strong form of Efficient Market Hypothesis (EMH) through examples like the Madoff ponzi scheme and Wirecard fraud. It explores event studies testing the semi-strong EMH, methodology for abnormal return calculation, and the significance testing. The lecture also covers topics like merger announcements, real-time market efficiency, unexpected earnings, factor portfolios, mutual fund performance, and fund manager persistence.

Instructors (2)

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Official source

https://mediaspace.epfl.ch/media/0_zfuxxts1

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Ontological neighbourhood

Business

Finance: Investment management

Economics

Microeconomics: Financial economics

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