Capital Marketin Other (Other) by vomms
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Capital Market Efficiency
Efficient Capital Markets The primary role of the capital market is the allocation of the ownership of economy's capital stock. In general terms. the ideal market is the market in which the prices provide accurate signals for resource allocation: that is a market in which firms can make production-investment decisions, investors can choose among the securities that represent ownership of firms activities under the assumption that the security prices at any time "fully reflect" all available information. A market in which the prices available always 'fully reflect" all available information is called "efficient".
Behavioral challenges in achieving efficiency.