TY  - JOUR
A1  - Bock, Jonas
A1  - Geissel, Sebastian
T1  - Evolution of stock market efficiency in Europe: Evidence from measuring periods of inefficiency
T2  - Finance Research Letters
N2  - This study introduces novel measures to quantify periods of market inefficiency, enabling precise analysis of their evolution over time and effective comparisons across markets or groups of markets. These measures are applied to an extensive dataset comprising stock indices from 25 European countries from 2007 to 2022. The empirical findings reveal a 20% increase in market inefficiency across Europe, primarily driven by heightened average inefficiencies in the stock markets of the group of developed European countries such as Germany and the Scandinavian countries.
KW  - Efficient Market Hypothesis
KW  - Adaptive Market Hypothesis
KW  - AMIM
KW  - Periods of inefficiency
KW  - Average area of inefficiency
KW  - European stock markets
KW  - Markttheorie
KW  - Ineffizienz
KW  - Quantifizierung
KW  - Aktienmarkt
KW  - Europa
Y1  - 2024
UR  - https://hst.opus.hbz-nrw.de/frontdoor/index/index/docId/986
UR  - https://nbn-resolving.org/urn:nbn:de:hbz:tr5-9861
VL  - 62, Part A
PB  - Elsevier
ER  -