Concept information
Preferred term
theory of efficient markets
Definition
- The theory of efficient markets postulates that in a wellfunctioning capital market, the best estimate of the value of a financial security is today's price. This relationship holds because the current price of an asset reflects all the information available to buyers. [Source: Encyclopedia of Business Ethics and Society; Efficient Markets, Theory of]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/theory_of_efficient_markets
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