Mika’ilu Abubakar

A Survey of Literature on Theory and Empirics of Efficient Market Hypothesis

Mika’ilu Abubakar · Asian Journal of Economics, Business and Accounting · 2017

This survey organizes and summarizes existing theoretical and empirical seminal works on Efficient Market Hypothesis (EMH) for educational purposes. The theoretical models focus on random walk model which describes the behaviour of stock returns in an efficient stock market, that...