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Author:Lee, C. M. C.
Title:Market efficiency and accounting research: a discussion of "capital market research in accounting" by S.P. Kothari
Journal:Journal of Accounting & Economics
2001 : SEP, VOL. 31:1-3, p. 233-253
Index terms:Market efficiency
Valuation
Behavioural accounting
Language:eng
Abstract:The author argues that price discovery is a complex process, deserving of more attention. He highlights significant problems associated with a naive view of market efficiency, and advocates a more general model involving noise traders.
SCIMA record nr: 230088
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