Decision Sciences
8 years ago

New Market Efficiency Theory Could Revolutionize Investment Strategies Worldwide

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Journal of Beijing Technology and Business University
The System of Capital Market Efficiency Theory
Yaling Wang

Paper Summary

The Efficient Market Hypothesis (EMH) suggests that stock prices reflect their true value if all available information is freely accessible to investors. This theory includes transaction efficiency (micro-level), price-fixing efficiency (EMH), and function efficiency (macro-level).

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