There have been many cases where the market has seemed to be fooled by bad accounting. Some
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There have been many cases where the market has seemed to be fooled by bad accounting. Some companies whose stocks had sold at high prices are now in bankruptcy. Do these examples “prove” that the market is not efficient?
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Whether these examples definitively prove the market is not efficient is a complex question with no easy answerBoth sides of the argument have merit A...View the full answer
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Related Book For
An Introduction To Accounting And Managerial Finance A Merger Of Equals
ISBN: 9789814273824
1st Edition
Authors: Harold JR Bierman
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