A Critical Look at the Efficient Market Empirical Research Literature As It Relates to Accounting Information.

David Downes; Thomas R. Dyckman

doi:10.2308/tar-4497635

← Search

A Critical Look at the Efficient Market Empirical Research Literature As It Relates to Accounting Information.

David Downes¹; Thomas R. Dyckman²

¹ Graduate School of Business 1 · ² Professor of Accounting and Quantitative Methods, Cornell University 2

The Accounting Review 1973

Abstract The article discusses efficient market empirical research literature in relation to accounting information. The studies discussed in the article questioned the frictionless nature of the hypothesis as usually expressed. The authors believe that efficient-markets research in relation to financial accounting is the most important thrust made by accounting researchers in the past decade. By its very nature, empirical research is time consuming and messy. Furthermore, conclusions are always subject to reservations.

DOI: 10.2308/tar-4497635
Volume: 48 (2)
Pages: 300-317
Language: en
Export: BibTeX
Sources: openalex crossref