-2014. This article focuses on explaining the impact of these political decisions on efficiency of investment fund market in … Poland. Therefore, the article aims (1) to find out if changing in functioning of pension funds also affected the efficiency … investment efficiency evaluation were applied. Findings show that pension funds performed better than mutual funds which are …

exactly the same factors. In this article, we introduce a simple metric we call the factor efficiency ratio that gauges the … demonstrate the strong relationship between efficiency and risk-adjusted returns. In doing so, we also highlight several potential …

Market efficiency and the pricing kernel are closely related. A non-monotonic decreasing pricing kernel implies the … kernel find non-monotonicity, apparently ruling out market efficiency. However, these results are often unreliable, because … pricing kernel, potentially leading to better tests of market efficiency …

reviews the theory and literature on market efficiency and market anomalies. We give a brief review on market efficiency and … clearly define the concept of market efficiency and the EMH. We discuss some efforts that challenge the EMH. We review …

reconciled if (1) market efficiency is interpreted as functionally efficiency, the allocation of capital to its best uses; (2 … regulations can contribute to functional efficiency, and thus help sustained ongoing creative destruction. A range of seeming … efficiency and traditional finance concepts of information efficiency. This wedge implies positive and negative feedback loops …

stock market efficiency. While existing research has explored this relationship, inconsistencies persist in their findings …