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An analysis of capital market through the lens of integral transforms: exploring efficient markets and information asymmetry
Kiran Sharma, Abhijit Dutta, Rupak Mukherjee
https://arxiv.org/abs/2506.06350

An analysis of capital market through the lens of integral transforms: exploring efficient markets and information asymmetry
Post Modigliani and Miller (1958), the concept of usage of arbitrage created a permanent mark on the discourses of financial framework. The arbitrage process is largely based on information dissemination amongst the stakeholders operating in the financial market. The advent of the efficient market Hypothesis draws close to the M&M hypothesis. Giving importance to the arbitrage process, which effects the price discovery in the stock market. This divided the market as random and efficient cohort …