Impacts of COVID-19 on USA Education Stocks and Asymmetric Information
Leonardo H S Fernandes,
José W L Silva,
Fernando Henrique Antunes de Araujo
et al.
Abstract:This paper promotes an exchange of scientific information considering
two cornerstones for modern economic-financial theory: the Efficient
Market Hypothesis in weak form (EMH), Asymmetric Information and
Multifrac-tal Theory. We employ the Multifractal Detrended
Cross-Correlation Analysis (MF-DCCA) to check the effects caused by
COVID-19 in one of the most relevant economic sectors to the Economic
Growth theory, the Education sector. Therefore, our analysis considers
two non-overlapping periods (before, during… Show more
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