8. Evidence on market efficiency [LO 22.4] Some people argue that the efficient markets hypothesis cannot explain

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8. Evidence on market efficiency [LO 22.4] Some people argue that the efficient markets hypothesis cannot explain the 1987 market crash or the high price-to-earnings ratio of internet shares during the late 1990s What alternative hypothesis is currently used for these two phenomena?

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Fundamentals Of Corporate Finance

ISBN: 9781743768051

8th Edition

Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan

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