Open AccessOpinion about Market Efficiency among Finance Professors in India
Author(s) -
Harish Kumar Singla
Publication year - 2018
Publication title -
mudra : journal of finance and accounting
Language(s) - English
Resource type - Journals
eISSN - 2395-2598
pISSN - 2347-4467
DOI - 10.17492/mudra.v5i2.14334
Subject(s) - insider , opinion survey , finance , profit (economics) , market efficiency , economics , questionnaire , business , financial economics , opinion leadership , public relations , political science , sociology , microeconomics , social science , law
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 mainfinding 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 isimportant 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.