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Keyword

market efficiency

Description: The degree to which market prices incorporate available information and resources are allocated effectively in economic and financial systems.
OpenAlex ID: keywords/market-efficiency
Efficient Capital Markets: a Review of Theory and Empirical Work*
1970 · Burton G. Malkiel, Eugene F. Fama · The Journal of Finance · 15,710
Efficient Capital Markets: A Review of Theory and Empirical Work
1970 · Eugene F. Fama · The Journal of Finance · 13,580
The Behavior of Stock-Market Prices
1965 · Eugene F. Fama · The Journal of Business · 8,704
Does the Stock Market Overreact?
1985 · WERNER F. M. De BONDT, RICHARD THALER · The Journal of Finance · 7,563
A Simple Model of Herd Behavior
1992 · A. V. Banerjee · The Quarterly Journal of Economics · 6,506
An equilibrium characterization of the term structure
1977 · Oldrich Vasicek · Journal of Financial Economics · 6,097
A Simple Model of Capital Market Equilibrium with Incomplete Information
1987 · ROBERT C. MERTON · The Journal of Finance · 5,802
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The Limits of Arbitrage
1995 · Andrei Shleifer, Robert W. Vishny · The Journal of Finance · 5,260
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On the Impossibility of Informationally Efficient Markets
1980 · Sanford J. Grossman, Joseph E. Stiglitz · RePEc: Research Papers in Economics · 5,122
Asset Prices in an Exchange Economy
1978 · Robert E. Lucas · Econometrica · 5,055
Giving Content to Investor Sentiment: The Role of Media in the Stock Market
2007 · PAUL C. TETLOCK · The Journal of Finance · 4,799
Event Studies in Economics and Finance
1997 · A. Craig MacKinlay · RePEc: Research Papers in Economics · 4,623
The Performance of Mutual Funds in the Period 1945–1964
1968 · Michael C. Jensen · The Journal of Finance · 4,330
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Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?
1980 · Robert Shiller · National Bureau of Economic Research · 4,019
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The Adjustment of Stock Prices to New Information
1969 · Eugene F. Fama, Lawrence Fisher, et al. · International Economic Review · 3,622
The Adjustment of Stock Prices to New Information
2003 · Eugene F. Fama, Lawrence Fisher, et al. · SSRN Electronic Journal · 3,063
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Herd Behavior and Investment
1988 · David Scharfstein, Jeremy C. Stein · American Economic Review · 2,815
A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market
1984 · RICHARD ROLL · The Journal of Finance · 2,747
Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?
1996 · Richard G. Sloan · The Accounting Review · 2,635
Capital markets research in accounting
2001 · S.P Kothari · Journal of Accounting and Economics · 2,575
Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1
1998 · Eugene F. Fama · Journal of Financial Economics · 2,571
Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior
1989 · Jeremy C. Stein · The Quarterly Journal of Economics · 2,566
Investment Performance of Common Stocks in Relation to Their Price‐earnings Ratios: a Test of the Efficient Market Hypothesis
1977 · S. Basu · The Journal of Finance · 2,562
The Efficient Market Hypothesis and Its Critics
2003 · Burton G Malkiel · The Journal of Economic Perspectives · 2,155
Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis
1980 · Lars Peter Hansen, Robert J. Hodrick · Journal of Political Economy · 2,112
Works count: 40,820
Citation count: 563,300
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