efficient capital market hypothesis
Authors
abstract
the introductory issue of the journal of financial research contains six articles in farsi and one in english. it also offers a glossary of financial terminology. the first article deals with the efficient capital market hypothesis , and is authored by dr. ali jahankhani & hussein abdoh tabrizi. it explains the concept and theories of capital market efficiency and their historical development in the past quarter of a century. the efficiency of captial markets is an important characteristics of capitalistic economies because it would help determine a fair value for corporate storks. it also channels the flow of funds to the economic growth of the developing communities. the timing of the article is also relevant as it coincides with reactivation of the tehran stock exchange.
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Journal title:
تحقیقات مالیجلد ۱، شماره ۱، صفحات ۰-۰
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