Efficient market theory provides theoretical framework for research on capital market 摘要有效市場(chǎng)理論為研究資本市場(chǎng)提供了理論框架。
3 owing to the theoretical foundations on efficient market theory , capm and apt are not robust in fractal markets 3 、 capm和apt的理論基礎(chǔ)是有效市場(chǎng)理論,而在分形市場(chǎng)中,二者很難適用。
Finally , the article discusses the existence of efficient market and integrally grasps the true connotation of efficient market theory 而后論述了有效市場(chǎng)的存在性。從而在整體上把握了有效市場(chǎng)理論的真實(shí)內(nèi)涵。
Until now , efficient market theory ( emt ) of securities market has the biggest influence on the working rules of capital market in western academia 證券市場(chǎng)效率理論是目前西方學(xué)術(shù)界在資本市場(chǎng)運(yùn)動(dòng)規(guī)律方面影響最大,也是證券市場(chǎng)研究的基本問(wèn)題之一。
If the efficient market theory is correct , technical analysis should not work at all ; the prevailing market price should reflect all information , including past price movements 如果效率市場(chǎng)理論是正確的,技術(shù)分析應(yīng)該根本不會(huì)奏效;主要的市場(chǎng)價(jià)應(yīng)該反映所有信息,包括過(guò)去的價(jià)格浮動(dòng)。
Third , fixed function hypothesis shows the function of the number in accounting statements is confined by its users . this means accounting choice is important in spite of efficient market theory 功能鎖定假說(shuō)表明,人們對(duì)會(huì)計(jì)報(bào)表數(shù)字的先驗(yàn)認(rèn)識(shí)限制了會(huì)計(jì)信息的作用,這證明會(huì)計(jì)政策選擇是重要的。
The thesis is comprised of three parts as follows : in the first part , the origin , definition , forms , development and challenges it faced of efficient market theory is briefly introduced 第一章簡(jiǎn)要介紹了有效市場(chǎng)理論的淵源、定義、類(lèi)型、發(fā)展和面臨的挑戰(zhàn)。第二章介紹了有效市場(chǎng)理論的實(shí)證研究方法和前人的研究成果。
Ln the market descibed by efficient market theory the market price has reflects the risk of the corporation . so we can measure the risk of corporation and evaluate the corporation according to capm 在有效市場(chǎng)理論所描述的市場(chǎng)形態(tài)中企業(yè)風(fēng)險(xiǎn)已經(jīng)充分反映在其市場(chǎng)價(jià)格中,我們可以輕松的采用資本資產(chǎn)定價(jià)模型進(jìn)行企業(yè)風(fēng)險(xiǎn)衡量并確定特定企業(yè)的風(fēng)險(xiǎn)報(bào)酬。
The author pointed out the kernel contend of the mechanism was composed of the followed factors such as , efficient market theory , relation between stock value and stock price , supply and demand relation , investment portfolio theory and arbitrage theory 認(rèn)為市場(chǎng)的有效性、股票價(jià)格與價(jià)值關(guān)系、股票的供求關(guān)系、投資組合理論及套利理論是四川長(zhǎng)虹股價(jià)波動(dòng)機(jī)制的核心內(nèi)容。