Brealey, eds., Praeger Publishers, Abstract There is an impressive body of empirical evidence which indicates that successive price changes in individual common stocks are very nearly independent.
10, 1969STRATEGIC ISSUES IN FINANCE, Keith Wand, ed., Butterworth Heinemann, 1993 INVESTMENT MANAGEMENT SOME READINGS, J. The prime concern of this paper is to examine the process by which common stock prices adjust to the information if any that is implicit in stock split. International Economic Review, Vol. Brealey, eds., Praeger Publishers, Abstract There is an impressive body of empirical evidence which indicates that successive price changes in individual common stocks are very nearly independent.
Forecasting Profitability And EarningsBy Eugene Famaand Kenneth French There has been very little actual testing of the speed of adjustment
Brealey, eds., Praeger Publishers, Abstract Page Download .Share .Email .Add to Briefcase. There has been very little actual testing of the speed of adjustment of prices to specific kinds of new information. Agency Problems and Residual ClaimsBy Eugene Famaand Michael Jensen Theory of the Firm Managerial Behavior, Agency Costs and Ownership StructureBy William Mecklingand Michael Jensen Lorie, Roll University of California, Los Angeles Finance AreaInternational Economic Review, Vol.
Theory of the Firm Managerial Behavior, Agency Costs and Ownership StructureBy William Mecklingand Michael Jensen Dissecting AnomaliesBy Eugene Famaand Kenneth French Keywords efficient markets, effect of information on stock prices, stock splits, dividend increases, market conditions, rate of return, effect of splits on returns, residuals, average dividends, dividend increases, and dividend decreases Accepted Paper Series Date posted 08, 2003 Last revised 04, Suggested CitationFama, Eugene Jensen, Michael Fisher, Lawrence and Roll, Richard Adjustment of Stock Prices to New Information.
The Capital Asset Pricing Model Theory and EvidenceByEugene Famaand
The Capital Asset Pricing Model Theory and EvidenceBy Eugene Famaand Kenneth French Roll University of California, Los Angeles Finance Area email Los Angeles, CA 900951481 United States3108256118 Phone3102068404 FaxFeedback to SSRN Beta Paper statistics Abstract Views 15,226Downloads 5,503Download Rank References Citations People who downloaded this paper also downloaded Theory of the Firm Managerial Behavior, Agency Costs and Ownership StructureBy William Mecklingand Michael Jensen Brealey, eds., Praeger Publishers, International Economic Review, Vol.
