IngentaConnect A brief history of market efficiency

Authors: Dimson, Elroy¹; Mussavian, Massoud

Source: European Financial Management, Volume 4, Number 1, March 1998 , pp. 91-103(13)

Publisher: Blackwell Publishing

Key:

- Free Content

- New Content

- Subscribed Content

- Free Trial Content

Abstract:

Every finance professional employs the concept of market efficiency. The theory, evidence and counter-evidence focus on a couple of dozen highly influential articles published during the twentieth century. We summarise the origins of and interlinkages between these contributions to the history of finance.

Keywords: market efficiency; stock market anomalies; market microstructure; history of finance; literature review

Document Type: Original article

DOI: 10.1111/1468-036X.00056

Affiliations: 1: London Business School, Sussex Place, Regents Park, London NW1 4SA, UK, edimson@lbs.ac.uk and mmussavian@lbs.ac.uk

* This feature is in beta and some links may initially be displayed as numbers instead of article titles. Clicking on any of the links will take you to the recommended articles, regardless of the display of the link.

The full text article is available for purchase

$42.63 plus tax