A hundred years ago or so, companies did not compile annual reports Even if you owned stock in a particular company, you were unlikely to be allowed to see the balance sheet and income statement for the company Assuming the market is semistrong form efficient, what does this say about market effici...

It is likely the market has a better estimate of the stock price assuming it is semistrong for ...

A hundred years ago or so, companies did not compile annual reports. Even if you owned stock

Question:

A hundred years ago or so, companies did not compile annual reports. Even if you owned stock in a particular company, you were unlikely to be allowed to see the and income statement for the company. Assuming the market is semistrong-form efficient, what does this say about market efficiency then compared to now?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...