Market efficiency and the capacity of stock prices to track a firm's future profitability
This study assesses the link between market efficiency proxies and the capacity of stock prices to anticipate a firm's future economic performance. The analysis, which covers firms from 31 countries in the period 1990–2019, reveals a strong association between the average score of market effici...
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| Format: | Article |
| Language: | English |
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Elsevier
2022-05-01
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| Series: | Borsa Istanbul Review |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845021000612 |