Efficient Markets & Financial Reporting

It is commonly assumed that stock exchange prices cannot be relied upon to reflect the value of the underlying securities and that it is in the interests of investors to attempt to assess the value of the securities before making buy-hold-sell decisions. This monograph examines that view and assesses the consequences both for investment strategy and for financial reporting policy.

1 January 1987
Simon M Keane
0 9501090 3 7

Free digital publication

Download PDF


  • Corporate Communications
  • Research

Previous Page