"27510" . . . "Ekon\u00F3m" . "80-225-1589-2" . . "Ov\u011B\u0159en\u00ED st\u0159edn\u011B siln\u00E9 formy efektivn\u00EDho trhu na \u010Desk\u00E9m akciov\u00E9m trhu"@cs . "Ov\u011B\u0159en\u00ED st\u0159edn\u011B siln\u00E9 formy efektivn\u00EDho trhu na \u010Desk\u00E9m akciov\u00E9m trhu" . "Kvantitat\u00EDvn\u00E9 met\u00F3dy v ekon\u00F3mii a podnikan\u00ED-metodologia a prax v novom tisiciro\u010D\u00ED" . . "Ov\u011B\u0159en\u00ED st\u0159edn\u011B siln\u00E9 formy efektivn\u00EDho trhu na \u010Desk\u00E9m akciov\u00E9m trhu" . "Se\u010Fa, Petr" . "Testing of semi strong form of efficiency on the Czech equity market"@en . "0"^^ . "1"^^ . . "0"^^ . . . "1"^^ . . "Tento p\u0159\u00EDsp\u011Bvek zkoum\u00E1 mo\u017Enost, \u017Ee nov\u011B vznikl\u00FD akciov\u00FD trh v \u010Cesk\u00E9 republice vykazuje st\u0159edn\u011B silnou formu efektivity, podobn\u011B jako je tomu u vysp\u011Bl\u00FDch trh\u016F. Efektivita v t\u00E9to form\u011B znamen\u00E1, \u017Ee neexistuje vztah mezi zpo\u017Ed\u011Bn\u00FDmi hodnotami zm\u011Bn makroekonomick\u00FDch prom\u011Bnn\u00FDch a akciov\u00FDch v\u00FDnos\u016F. K testov\u00E1n\u00ED efektivity trhu v reakci na zm\u011Bnu makroekonomick\u00FDch veli\u010Din pou\u017E\u00EDv\u00E1me data jednoho z nejvysp\u011Blej\u0161\u00EDch finan\u010Dn\u00EDch trh\u016F tranzitivn\u00EDch ekonomik-\u010Cesk\u00E9 republiky. Zji\u0161\u0165ujeme, \u017Ee \u010Desk\u00FD akciov\u00FD trh nevykazuje vlastnosti efektivn\u00EDho trhu" . "5"^^ . . . "639-643" . "Testing of semi strong form of efficiency on the Czech equity market"@en . . "RIV/61989100:27510/02:00002217!RIV/2003/MSM/275103/N" . "This paper investigates the possibility the newly emerged equity market in the Czech Republic exhibit a semi - strong form of efficiency similar to that which prevails in more developed countries. It means that no relationship between lagged values of changes in economic variables and changes in equity prices. We use data on one of the most developed financial markets in transition, the Czech Republic, to test equity market efficiency by examining the reaction to macroeconomics releases. The reaction ofthe stock market index is explored. We found that the Czech market lacks the basic efficiency properties"@en . "Bratislava" . . "2002-09-18+02:00"^^ . "Bratislava" . "Z(MSM 275100015)" . "Granger causality, semi strong form of efficiency, equity market"@en . . "Ov\u011B\u0159en\u00ED st\u0159edn\u011B siln\u00E9 formy efektivn\u00EDho trhu na \u010Desk\u00E9m akciov\u00E9m trhu"@cs . "[2484AE713E04]" . "657587" . . . "RIV/61989100:27510/02:00002217" . .