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  • Emh Fama 1970

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    Sujith Gopinathan
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    This document is a research paper published in The Journal of Finance in 1970. It explores the relationship between stock prices and future company earnings using data from 1935 to 1967. The paper finds a statistically significant relationship, showing that higher stock prices tend to predict higher future earnings.

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    Efficient Market Hypothesis

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    This document is a research paper published in The Journal of Finance in 1970. It explores the relationship between stock prices and future company earnings using data from 1935 to 1967. The paper finds a statistically significant relationship, showing that higher stock prices tend to predict higher future earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    13 views35 pages

    Emh Fama 1970

    Uploaded by

    Sujith Gopinathan
    This document is a research paper published in The Journal of Finance in 1970. It explores the relationship between stock prices and future company earnings using data from 1935 to 1967. The paper finds a statistically significant relationship, showing that higher stock prices tend to predict higher future earnings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 35

    The Journal of Finance, Vol. 25, No. 2, May 1970, pp.

    383-417

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