This research provides a comprehensive analysis of market efficiency under the efficient market hypothesis (EMH) and adaptive market hypothesis (AMH) frameworks within the listed private equity (LPE) market. An underexplored area in financial research, LPE provides the unique combination of traditional private equity’s high return potential and the liquidity of public markets. The opaqueness of daily valuing of private equity investments could result in market inefficiencies due to frictions even in public markets.
Authors: Seth A. Hoelscher, Andrew C. Meek
Publication date: 28 May 2025
Published in: Managerial Finance
Volume/ Ausgabe:
Source download link: https://www.emerald.com/insight/content/doi/10.1108/mf-07-2024-0542/full/html