|Table of Contents|

Effect of market for corporate control on efficiency of stock market (PDF)

《长安大学学报(社科版)》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2004年03期
Page:
48-53
Research Field:
经济与管理
Publishing date:
2004-09-20

Info

Title:
Effect of market for corporate control on efficiency of stock market
Author(s):
GAO Lei-hong LUO Jian-chao
School of Economics and Management, Northwest Agriulture and Forestry University, Yangling,712100, China
Keywords:
stock market market for corporate control the efficiency of resource allocation the optimize of resource allocation
PACS:
F830.91
DOI:
-
Abstract:
Generally following on Efficient Market Hypothesis(EMH), researches on the efficiency of Chinese stock market cannot accurately point out the systematical origin of the market's low efficiency due to the inaccurate definition of stock market efficiency and the undue emphasis on analyzing information efficiency. On the background of institution change, market for corporate control is a fundamental and institutional factor in improving the efficiency of Chinaese stocks market, and its development to some extent directly determines the efficiency of the stock market.

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Memo

Memo:
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Last Update: 2004-09-20