Efficient Market Hypothesis and Capital Market Research
The purpose of this article is to demonstrate that EMH and CMR are the integral parts of the real world of accounting. EMH and CMR have been a part of the accounting environment since the 1960s. EMH is an aggregate concept describing the relationship between security prices and information. The empr...
| Main Author: | |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
1995-06-01
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| Series: | بررسیهای حسابداری و حسابرسی |
| Online Access: | https://acctgrev.ut.ac.ir/article_25892_025a5335f9385185e112b1df98b2701b.pdf |
| _version_ | 1818645409238614016 |
|---|---|
| author | ساسان میار |
| author_facet | ساسان میار |
| author_sort | ساسان میار |
| collection | DOAJ |
| description | The purpose of this article is to demonstrate that EMH and
CMR are the integral parts of the real world of accounting. EMH
and CMR have been a part of the accounting environment since
the 1960s. EMH is an aggregate concept describing the
relationship between security prices and information.
The emprical evidence implies that the stock market is
reasonably efficient. In particular, the evidence shows that the
stock prices are more influenced by the disclosure of real
economic events, than by cosmetic accounting effects. However,
only a few number of practicing accountants are aware of EMH
and even fewer number underestand the Efficient Market
Hypothesis, There is reason for concern. What can be done to
educate the managers and the accountants about the
ramifications of the hypothesis? This article is a step towards the
.addressing that question |
| first_indexed | 2024-12-17T00:30:17Z |
| format | Article |
| id | doaj.art-f33da1e628474be084a5307f61ae56d0 |
| institution | Directory Open Access Journal |
| issn | 2645-8020 2645-8039 |
| language | fas |
| last_indexed | 2024-12-17T00:30:17Z |
| publishDate | 1995-06-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | بررسیهای حسابداری و حسابرسی |
| spelling | doaj.art-f33da1e628474be084a5307f61ae56d02022-12-21T22:10:21ZfasUniversity of Tehranبررسیهای حسابداری و حسابرسی2645-80202645-80391995-06-014125892Efficient Market Hypothesis and Capital Market Researchساسان میارThe purpose of this article is to demonstrate that EMH and CMR are the integral parts of the real world of accounting. EMH and CMR have been a part of the accounting environment since the 1960s. EMH is an aggregate concept describing the relationship between security prices and information. The emprical evidence implies that the stock market is reasonably efficient. In particular, the evidence shows that the stock prices are more influenced by the disclosure of real economic events, than by cosmetic accounting effects. However, only a few number of practicing accountants are aware of EMH and even fewer number underestand the Efficient Market Hypothesis, There is reason for concern. What can be done to educate the managers and the accountants about the ramifications of the hypothesis? This article is a step towards the .addressing that questionhttps://acctgrev.ut.ac.ir/article_25892_025a5335f9385185e112b1df98b2701b.pdf |
| spellingShingle | ساسان میار Efficient Market Hypothesis and Capital Market Research بررسیهای حسابداری و حسابرسی |
| title | Efficient Market Hypothesis and Capital Market Research |
| title_full | Efficient Market Hypothesis and Capital Market Research |
| title_fullStr | Efficient Market Hypothesis and Capital Market Research |
| title_full_unstemmed | Efficient Market Hypothesis and Capital Market Research |
| title_short | Efficient Market Hypothesis and Capital Market Research |
| title_sort | efficient market hypothesis and capital market research |
| url | https://acctgrev.ut.ac.ir/article_25892_025a5335f9385185e112b1df98b2701b.pdf |
| work_keys_str_mv | AT sạsạnmyạr efficientmarkethypothesisandcapitalmarketresearch |