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The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
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The paper bridges a gap in the literature by using moment analysis, CAPM statistics, stochastic dominance (SD) test … shown that that buying China warrants has a higher likelihood of losses than its Taiwan counterpart. Using CAPM analysis, in …
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