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dc.contributor.author | Salas-Molina, Francisco | es_ES |
dc.contributor.author | Pla Santamaría, David | es_ES |
dc.contributor.author | Mayor-Vitoria, Fernando | es_ES |
dc.contributor.author | Vercher Ferrandiz, Maria Luisa | es_ES |
dc.date.accessioned | 2022-09-09T18:04:47Z | |
dc.date.available | 2022-09-09T18:04:47Z | |
dc.date.issued | 2021-03 | es_ES |
dc.identifier.uri | http://hdl.handle.net/10251/185767 | |
dc.description.abstract | [EN] Challenging the Efficient Market Hypothesis (EMH) has been a recurrent topic for researchers and practitioners since its formulation. Hundreds of empirical studies claim to either prove or disprove the EMH by means of a number of heterogeneous methods. Even though the EMH is usually adjusted to a measure of risk, there is a lack of a formal analysis within a multiple-criteria context. In this paper, we propose a extension of the EMH that accommodates the foundations of multiple-criteria decision analysis. To this end, we rely on a family of parametric signed dissimilarity measures to assess multidimensional performance differences. Since normalization is a critical step in our approach to avoid meaningless comparisons, we present two novel theoretical results connecting different normalization techniques. This multicriteria extension provides a common framework on which to add empirical evidence regarding the EMH testing | es_ES |
dc.language | Inglés | es_ES |
dc.publisher | MDPI AG | es_ES |
dc.relation.ispartof | Mathematics | es_ES |
dc.rights | Reconocimiento (by) | es_ES |
dc.subject | Efficient market hypothesis | es_ES |
dc.subject | Multiple-criteria test | es_ES |
dc.subject | Signed measures | es_ES |
dc.subject | Normalization | es_ES |
dc.subject.classification | ECONOMIA APLICADA | es_ES |
dc.subject.classification | ECONOMIA FINANCIERA Y CONTABILIDAD | es_ES |
dc.title | A Multicriteria Extension of the Efficient Market Hypothesis | es_ES |
dc.type | Artículo | es_ES |
dc.identifier.doi | 10.3390/math9060649 | es_ES |
dc.rights.accessRights | Abierto | es_ES |
dc.contributor.affiliation | Universitat Politècnica de València. Escuela Politécnica Superior de Alcoy - Escola Politècnica Superior d'Alcoi | es_ES |
dc.contributor.affiliation | Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials | es_ES |
dc.description.bibliographicCitation | Salas-Molina, F.; Pla Santamaría, D.; Mayor-Vitoria, F.; Vercher Ferrandiz, ML. (2021). A Multicriteria Extension of the Efficient Market Hypothesis. Mathematics. 9(6):1-16. https://doi.org/10.3390/math9060649 | es_ES |
dc.description.accrualMethod | S | es_ES |
dc.relation.publisherversion | https://doi.org/10.3390/math9060649 | es_ES |
dc.description.upvformatpinicio | 1 | es_ES |
dc.description.upvformatpfin | 16 | es_ES |
dc.type.version | info:eu-repo/semantics/publishedVersion | es_ES |
dc.description.volume | 9 | es_ES |
dc.description.issue | 6 | es_ES |
dc.identifier.eissn | 2227-7390 | es_ES |
dc.relation.pasarela | S\430966 | es_ES |
dc.contributor.funder | Universitat Politècnica de València | es_ES |
dc.subject.ods | 12.- Garantizar las pautas de consumo y de producción sostenibles | es_ES |
upv.costeAPC | 1570,58 | es_ES |