Are financial markets efficient? There are multiple tests for answering this question. Forming a hypothesis and testing should be done before looking at the data, i.e. without data snooping. However, the parameters used in the tests of the efficient market hypothesis are often not decided...

Purpose: The purpose of this paper is to adopt fuzzy interpretive structural modeling (ISM) to develop a precise evaluation framework and provide a theoretical basis for enhancing the understanding of responsible consumption and production (RCP) in academic and industrial fields....