Opinion about Market Efficiency among Finance Professors in India

H. Singla
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Abstract

In this paper, opinion of finance professors about market efficiency is identified in India. A questionnaire survey was distributed to more than 250 finance professors in India which was responded by 112 of them. The main finding of the survey was that most professors do not believe that markets are efficient in any form. They find that information at every level i.e. past, present and future (insider) is useful and can be used for profit making. The study is important because a finance professor is considered a specialist and they are the ones who will teach this to their students in theory as well as in practice.
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印度金融学教授对市场效率的看法
本文对印度金融学教授对市场效率的看法进行了梳理。我们向印度250多名金融学教授分发了一份问卷调查,其中112人做出了回应。这项调查的主要发现是,大多数教授不相信任何形式的市场都是有效的。他们发现,过去、现在和未来(内部人士)等各个层面的信息都是有用的,可以用于盈利。这项研究很重要,因为金融教授被认为是专家,他们将在理论和实践中教给学生这些知识。
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