What makes stock market efficiency so important for the economy? This book looks at the theory and issues that underpin market abuse and why an offence often dismissed as a victimless crime is punished so severely. It explores the impact of perception and other factors that distort the market and outlines the extent of abuse.See the Appendix in this chapter for a mathematical definition of the ECMH. The. theory. The idea that the stock market is informationally efficient and that this leads to allocative efficiency is probably an old one. However, it was not until the anbsp;...
|Title||:||Stock Market Efficiency, Insider Dealing and Market Abuse|
|Author||:||Mr Paul Barnes|
|Publisher||:||Gower Publishing, Ltd. - 2012-09-28|