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Capital market efficiency |
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Capital market efficiency The degree to which the present asset price accurately reflects current information in the market place. See: Efficient market hypothesis. |
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| The 'gains' to acquiring shareholders often becomes more negative, casting further doubt on both the hypothesis that mergers generate new wealth, and on the generally used assumption of capital market efficiency," the authors wrote. The goal of independence is "to support user reliance on the financial reporting process and to enhance capital market efficiency. Moore shows convincingly that technology and capital market efficiency have fundamentally changed not just the reality that all managers face, but have changed the way they need to define, measure and manage success. |
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