Journal article
DO ECONOMIC FORECASTERS BELIEVE THE STOCK MARKET IS EFFICIENT? EVIDENCE FROM GERMANY
Abstract
The perception of market efficiency is quite different from the reality of market efficiency. We show using a large survey of German market forecasters that few respondents consistently believe that the stock market is currently efficient and will remain so. Past volatility tends to erode the view that the market is efficient and strengthen the belief that the market is inefficient.
Authors
Deaves R; Schröder M; Stivers A; Tsang M
Journal
Applied Finance Letters, Vol. 10, , pp. 40–47
Publisher
Auckland University of Technology (AUT) Library
DOI
10.24135/afl.v10i.432
ISSN
2253-5799