One interpretation of the popular efficient markets hypothesis is that the market fully impounds all public information

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One interpretation of the popular efficient markets hypothesis is that the market fully impounds all public information as soon as it becomes available. Thus, it is supposedly not possible to beat the market if fundamental financial analysis techniques are applied to publicly available information such as a firm’s published accounts. Why might this hypothesis be more tenable in the United States than in other international capital markets?

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International Accounting

ISBN: 9780136111474

7th Edition

Authors: Frederick D. Choi, Gary K. Meek

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