Concept information
Preferred term
theory of efficient markets
Definition(s)
- The theory of efficient markets postulates that in a wellfunctioning capital market, the best estimate of the value of a financial security is today's price. This relationship holds because the current price of an asset reflects all the information available to buyers. [Source: Encyclopedia of Business Ethics and Society; Efficient Markets, Theory of]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-VPL09GC4-0
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