List the implications for corporate financial managers of the Efficeint Market Hypothesis for each issue:

1) capital raising,

2) dividend payouts,

3) capital expenditures,

4) managerial incentives, and;

5) firm performance

I am really looking for a detailed response that offers insight into the impact of the EMH to managers on each of the finance matters - not just a couple words or bullet points. I want to understand the connection between the business activity and the EMH. Thank you!