|Title:||A Note on the Testability of Fama's Efficient Capital Market Hypothesis|
|Authors:||Gross, Ernestine M.|
|Publisher:||Department of Economics|
|Abstract:||Fama's (1970, 1976) theory of efficient capital markets relies on empirical tests of propositions. It is shown that the conclusion of semi-strong-form capital market efficiency, reached from empirical studies, is still unwarranted.|
|Type of Work:||Working Paper|
|Appears in Collections:||Working Papers - Economics|
|ECON 1986-88.pdf||1.49 MB||Adobe PDF|
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