Synergies and Dilemmas in Asset and Liability Investment Strategies: A Multidisciplinary Analysis in the Context of the Efficient Market Hypothesis, Anomalies and Portfolio Design
Perspectives in Financial Governance and Accounting: 42FIN 2023
This paper comprehensively examines the dichotomy between active and passive investment strategies in the context of the efficient market hypothesis. While the efficient market hypothesis implies that all available information is contained in the market price and thus excess returns are systematically unattainable, empirical data…