03325ntm a22005177i 4500 000120062 CZ-PrVSE 20210619205335.0 m d cr n|||||||||| 210619s2021 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Demko, Roman ISIS:151597 dis Testing the efficient market hypothesis : an event study approach eng Testing the efficient market hypothesis : an event study approach Roman Demko 2021 ?? stran : digital, PDF soubor Vedoucí práce: Jiří Witzany Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2021 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2021 The Efficient Market Hypothesis (EMH) is one of the most famous economic concepts and the fundamental cornerstone of modern financial theory. It is the topic where several subjects intersect, such as corporate finance, behavior finance, economic theory, investment management, accounting, psychology, history, physics, and probably much more. Such interrelation of different areas in one phenomenon is what makes it so attractive to study. Theoretical concepts and market application of the EMH are combined in the thesis. The sense of the EMH may be shortly stated as a condition under which the prices reflect all available information. Its principle is simple, but it is not easy to check it in real life. Even though the paper title implies testing the efficient market hypothesis, any tests associated with it are approximate, as the hypothesis is very theoretical. The goal of this paper is twofold: firstly, to build a solid theoretical foundation of the EMH, market anomalies that violate it, and behavioral biases; secondly, to investigate how the Dutch stock market has been reacted to earnings releases during the last ten years, using the event study methodology. The last part of the paper focuses on the possible trading strategy that can be applicable under the condition that the EMH is partially held. Způsob přístupu: Internet finance and accounting [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Efficient Market Hypothesis Event study Amsterdam Exchange Index Behavioral bias Market anomalies Witzany, Jiří, 1966- vse2007429830 ths Budkov, Roman ISIS:94962 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/75312/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/75312 Hlavní práce https://insis.vse.cz/zp/75312/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/75312/posudek/oponent/71682 Oponentura https://insis.vse.cz/zp/75312/podrobnosti dc:identifier NEPOSILAT VSKP vse75312 210610 75312