Publication: Previsión de rendimientos en la Bolsa de Madrid bajo la hipótesis de la eficiencia
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1992
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Facultad de Ciencias Económicas y Empresariales. Decanato
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En este trabajo, bajo la hipótesis de eficiencia, se estudia el grado de previsibilidad de los rendimientos mensuales de la Bolsa de Madrid. Al mismo tiempo, se estudia la capacidad del Modelo de Mercados Eficientes, con tipos de interés variables, para explicar el comportamiento de las cotizaciones reales mensuales en dicho mercado. El bajo grado de previsibilidad de los rendimientos así como el aceptable comportamiento del Modelo de Mercados Eficientes, parecen apoyar la hipótesis de eficiencia en este mercado
Under efficiency, this paper studies the predictability of monthly stocks returns in the Madrid stock Market. At the same time, the ability of the Efficient Markets Model to explain real stock prices is tested. Both, the low degree achieved in forecasting monthly stock returns and the good performance Showed by the Efficient Market Model support efficiency in that market
Under efficiency, this paper studies the predictability of monthly stocks returns in the Madrid stock Market. At the same time, the ability of the Efficient Markets Model to explain real stock prices is tested. Both, the low degree achieved in forecasting monthly stock returns and the good performance Showed by the Efficient Market Model support efficiency in that market
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