The Efficient Market Hypothesis and its Validity in Today's Markets

Thesis (M.A.) aus dem Jahr 2004 im Fachbereich Wirtschaft - Investition und Finanzierung, Note: 1 (A), Karl-Franzens-Universität Graz (Institute für Industrial Economics), 99 Eintragungen im Literaturverzeichnis, Sprache: Englisch, Abstract: This Master Thesis gives an overview of the research into the efficient market hypothesis from its first days in the 1950s to the present. The discussion of theoretical models and concepts is being complemented by a review of relevant empirical evidence from international capital markets. The thesis is completed by a brief outlook on newer research venues, including models employing behavioural finance approaches.