증권론 한국주식시장 효율성 분석 (영문)

증권론 한국주식시장 효율성 분석 (영문)

[증권론] 한국주식시장 효율성 분석 (영문).hwp

목차 Introduction Exordium Body 1. An example fitting to the EMH 2. Anomalies ① Low PER, PBR Effect ② First Public Offering Stock 3. Systemical Inefficiency Examples ① Unfair Transaction ② Abnormal Preferred Stock 4. Professional Data Quotation Conclusion 본문 Introduction It s always been being a debate on the answer for Is the stock market efficient? . Some say yes, and others say no. However, the answer till the beginning of 1990s was more weighed on the yes . And the supporting theory which played a core role for forming the trend was Efficient Market Hypothesis; EMH . The theory asserts that prices of the assets always reflect all the available information, with regard to relation to the value of the asset. Thus, the efficiency of the stock market can be defined as the status which is reflecting all the available sufficiently. However, since a few times of financial crisis, researchers have risen the doubt about Efficient Market Hypothesis and this still remains as an unsolved mystery. 키워드 한국주식시장, 증권론, 효율성, 주식, 시장