There have been many cases where the market has seemed to be fooled by bad accounting. Some

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There have been many cases where the market has seemed to be fooled by bad accounting. Some companies whose stocks had sold at high prices are now in bankruptcy. Do these examples “prove” that the market is not efficient?

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An Introduction To Accounting And Managerial Finance A Merger Of Equals

ISBN: 9789814273824

1st Edition

Authors: Harold JR Bierman

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Question Posted: Dec 12, 2023 03:38 AM

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There have been many cases where the market has seemed to be fooled by bad accounting. Some

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Whether these examples definitively prove the market is not efficient is a complex question with no easy answerBoth sides of the argument have merit A...View the full answer

An Introduction To Accounting And Managerial Finance A Merger Of Equals

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