Efficient Capital Markets and Martingales

TL;DR: In this paper, the authors present a simple valuation model providing evidence of how value has evolved in hydropower generating companies and discuss the valuation from an ex ante perspective and in the light of the market efficiency hypothesis of Fama.

TL;DR: In this article, the authors investigated the behavior of stock prices to identify the speed of adjustment of stock returns in response to dividend declarations in the 10 most lucrative sectors of the Pakistan stock market.

TL;DR: In this article, the authors describe and analyse the development of the secondary market in bank debts of less developed countries and present a survey of market participants and a sensitivity analysis of the likely effect on debt servicing ability for the first three beneficiaries of the Brady debt restructuring.

TL;DR: Efficient Capital Markets: A Review of Theory and Empirical Work Author(s): Eugene Fama Source: The Journal of Finance, Vol. 25, No. 2, Papers and Proceedings of the Twenty-Eighth Annual Meeting of the American Finance Association New York, N.Y. December, 28-30, 1969 (May, 1970), pp. 383-417 as mentioned in this paper

TL;DR: In this paper, the authors present a body of positive microeconomic theory dealing with conditions of risk, which can be used to predict the behavior of capital marcets under certain conditions.

TL;DR: In this article, the authors proposed a method to improve the performance of the system by using the information of the user's interaction with the system and the system itself, including the interaction between the two parties.

TL;DR: Ebsco as mentioned in this paper examines the arbitrage model of capital asset pricing as an alternative to the mean variance pricing model introduced by Sharpe, Lintner and Treynor.