Though lower courts have agreed that a showing of market efficiency
is required to invoke the FOTM presumption, they have been inconsistent in their approach to determining whether a market is sufficiently efficient.
The arbitrage pricing relationships presented below allow examining whether options market efficiency
improved over the sample period.
An alternative market efficiency
test considers the returns to betting horses in a particular odds category.
What it does in the process [is] choose the instrument to achieve their objective, [and] they take into account also the impact of their decisions [to] market efficiency
and competition,' Balisacan explained.
The plan is to work on further improvement of the communication and information society sector, aligning the regulatory framework with the EU standards, intensifying cooperation in education and increasing labor market efficiency
, establishing an efficient healthcare system and improving the social protection system.
Head of the Finance and Economic Committee, Umayya Toukan, said that the committee reviewed the government's program in the upcoming period in all sectors, which is based on working to achieve growth and robust fiscal control, stressing that financial stability and capital market efficiency
are key for macroeconomic stability.
The National Economic Development Authority (NEDA) has expressed reservation over the proposed abolition of the Governance Commission for Government-Owned and Controlled Corporations (GCG), citing its "indispensable role" in improving market efficiency
and promoting consumer welfare.
The new Pakatan Harapan-led government says focus will be given to reviewing and streamlining the role of state-owned enterprises (SOEs) and monopoly entities in the remaining Eleventh Malaysia Plan period from 2018-2020 to enhance market efficiency
and fair competition.
Through a judicious mix of fiscal, trade, industrial and competition policies, product market efficiency
can be enhanced.
Global Competitiveness Report index consists of 12 key pillars, including health, primary education, higher education, training, innovation, business development, market size, technological readiness, global market development, labour market efficiency
and commodity market efficiency
"The Saudi market's entry into the global emerging market indices, including the MSCI Index, helps in paving the way for ETFs and other products that allow investors to expand their dealings, with greater diversification and risk management, in parallel with enhancing overall market efficiency
," he added.