22 | 2012 | Easley et al. [47] | The Volume Clock: Insights into the High-Frequency Paradigm | Accepted | High frequency trading has insightful impact on the efficiency of the capital market |
23 | 2011 | Bollen et al. [39] | Twitter Mood Predicts the Stock Market | Accepted | Behavioral economics tells that emotions can profoundly affect individual behavior and decision-making |
24 | 2011 | Zhang et al. [40] | Predicting Stock Market Indicators through Twitter “I Hope It Is Not as Bad as I Fear” | Accepted | Emotional tweets percentage is significantly negatively correlated with key indices in the USA market |
25 | 2010 | Zhang and Skiena [30] | Trading Strategies to Exploit Blog and News Sentiment | Accepted | Large scale natural language processing (NLP) system did affect the capital market strategy for the HFT and LFTs |
26 | 2010 | Gilbert and Karahalios [48] | Widespread Worry and the Stock Market | Accepted | Our emotional state influences our choices even in the capital markets |
27 | 1991 | Fama [32] | Efficient Capital Markets: II |
| Security prices fully reflect all available information |
28 | 1979 | Foster [31] | Briloff and the Capital Market | Accepted | Influence of the information on the Capital market efficiency and inefficiency was observed |
29 | 1964 | Sharpe [33] | Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk. | Accepted | Capital assets prices achieve equilibrium near the Capital market line (CML) |