Capital market efficiency

Capital market efficiency

The degree to which the present asset price accurately reflects current information in the market place. See: Efficient market hypothesis.
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On a whole range of indicators, from non-oil growth, through energy price reform, to capital market efficiency, the ambitious plans are beginning to pay off.
Head of the Finance and Economic Committee, Umayya Toukan, said that the committee reviewed the government's program in the upcoming period in all sectors, which is based on working to achieve growth and robust fiscal control, stressing that financial stability and capital market efficiency are key for macroeconomic stability.
Capital market efficiency: An empirical analysis, Indian Journal of Economics, XC (359), 1163-1175.
Instead of merely documenting the efficiency or inefficiency of internal capital markets, several studies identify variables that are correlated with the measure of internal capital market efficiency. In particular, Rajan et al.
Nasser Ahmad Al Shaibi, the Chief Executive Officer of QFMA commenting on the partnership, said, "We initiated this necessary important step to lay down the foundation of the QFMA licensing requirements for individuals working in the industry, We believe that increased competence amongst market practitioners will further favor adoption and compliance with best international standards, significantly improve investor protection and positively impact the financial services as well as enhancing the capital market efficiency, integrity and transparency in Qatar.
The Sultanate has made great strides in the capital markets sector as it has achieved the 30th place in capital market efficiency, according to the 32nd version of the Global Competitiveness Report 2011-2012.
As per the report, the competiveness indicator depends on 12 main variables, namely the institutional framework, infrastructure, macroeconomic environment, health, education, higher education sectors, market efficiency, labor market, capital market efficiency, technological readiness, the size of private sector, innovation and development.
The main purpose is to increase capital market efficiency (Jianing Fang, "An Empirical Investigation of the Efficient Stock Market Hypothesis" Dissertation, Pace University, 2005, and B.
DeSantis says, "XBRL has the potential to significantly advance financial reporting and increase capital market efficiency. If the XBRL financial reporting taxonomies are properly developed and used, preparers and investors should benefit."
Hector Sants, of the FSA, said: "We believe private equity can significantly enhance capital market efficiency by widening the availability of capital, increasing the effectiveness of company valuations, identifying companies with growth potential and facilitating their transformation.
* Using data from the UK subsidiaries of 222 MNEs across 32 countries, and after controlling for subsidiary characteristics, industry and country factors, we test two hypotheses relating external capital market efficiency indicators and to net financial flows from the UK.
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