Author:
Dobbins Richard,Witt Stephen F.
Abstract
The efficient market hypothesis (EMH) asserts that share prices fully reflect all available information, any new or shock information being very rapidly incorporated into the share price. This apparently simple hypothesis, if true, has very powerful implications for investment analysis and corporate management.
Subject
Business, Management and Accounting (miscellaneous),Finance
Cited by
1 articles.
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1. Criteria for major investment decisions;Investment Analysts Journal;1986-05