文章基本信息

标题：Market Inefficiencies and Corporate Investments: Insights from Extended Literature Review
本地全文：下载
作者：Kanwal Haqqani ; Muhammad Aleem ; Shuja Ul Islam Imran Rafiq 等
期刊名称：Ilköğretim Online/Elementary Education Online
印刷版ISSN：1305-3515
电子版ISSN：1305-3515
出版年度：2021
卷号：20
期号：1
页码：3106-3117
DOI：10.17051/ilkonline.2021.01.349
语种：English
出版社：Öğretmen Eğitimi Akademisi
摘要：This study intends to examine the effects of market inefficiencies on corporate investments through literature review. This study finds that there are three types of market efficiencies- allocation, operational and informational efficiency, and allocation efficiency depends more on informational and operational efficiency. Furthermore, the investors cannot beat the market and earn more profit if the market is efficient; however, the degree of efficiency varies across markets; thus, the markets are categorized into three forms of market efficiency. In the existence of asymmetric information, the corporate prefers to raise funds by issuing debts and invest less amount. The study ascertained that transaction costs, anomalies, asymmetric information, information unavailability, and discrepancy of investors cause capital market inefficiency which further affects the corporate investment decisions..
关键词：Market inefficiencies;corporate investments;financial system;efficient market hypothesis (EMH