Article contents
A Model of Information Diffusion, Stock Market Behavior, and Equilibrium Price
Published online by Cambridge University Press: 19 October 2009
Extract
The determinants of prices of common stocks have been studied extensively by both academicians and practitioners. Differences in points of view between these two groups are evident in their corresponding interpretations of market behavior, which is represented by the assumedly contradictory random walk and intrinsic value “hypotheses.”
- Type
- Research Article
- Information
- Journal of Financial and Quantitative Analysis , Volume 5 , Issue 3 , September 1970 , pp. 279 - 296
- Copyright
- Copyright © School of Business Administration, University of Washington 1970
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