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The Efficiency of China's Stock Market
book

The Efficiency of China's Stock Market

by Shiguang Ma
November 2017
Intermediate to advanced content levelIntermediate to advanced
302 pages
16h 35m
English
Routledge
Content preview from The Efficiency of China's Stock Market
The Theoretical and Empirical Perspectives of Efficient Stock Market
43
3.2 Informational efficiency
As stated above, internal efficiency refers to the internal mechanisms of the
market. A sound mechanism is a determinant of smooth market operation.
However, external efficiency relates to the outside influences on the market. Of
those influences, information has the greatest effect on pricing. Usually, following
the release of information, the share prices are adjusted up or down, and share
returns rise and fall. The prices of shares act as signals for capital allocation into
the most productive ...
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Publisher Resources

ISBN: 9781351146913