Feddersen, Arne; Maennig, Wolfgang - In: Schmollers Jahrbuch : Journal of Applied Social Science … 124 (2004) 2, pp. 282-303
This contribution examines whether the share price of the Borussia Dortmund GmbH & Co. KgaA (BVB) behaves according to the (capital) market efficiency hypothesis of Fama (1970). The weak form of capital market inefficiency, according to which past share prices cannot be used for predictions in...
