Capital Market - 7958 Words
International Business & Economics Research Journal – August 2012
Volume 11, Number 8
Capital Market Theories: Market Efficiency Versus Investor Prospects
Kathleen Hodnett, PhD, University of the Western Cape, South Africa Heng-Hsing Hsieh, PhD, CFA, University of the Western Cape, South Africa
ABSTRACT This paper reviews the development of capital market theories based on the assumption of capital market efficiency, which includes the efficient market hypothesis (EMH), modern...
7,958 Words | 26 Pages