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|Title: ||A Note on the Testability of Fama's Efficient Capital Market Hypothesis|
|Authors: ||Gross, Ernestine M.|
|Issue Date: ||Feb-1986|
|Publisher: ||Department of Economics|
|Series/Report no.: ||88|
|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|
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