Reaction of Sao Paulo stock exchange corporative events: a test of the Efficient Market Hypothesis Análise empírica da reação do mercado de capitais brasileiro a eventos corporativos: teste conjunto da Hipótese de Eficiência do Mercado
The Efficient Market Hypothesis, defined by Fama (1970 and 1991), in the moderate version, postulates an instantaneous and precise adjustment by the market for any relevant information announced by participating companies. An analysis was made of the reaction of Sao Paulo Stock Exchange to abnormal...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
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Emerald Publishing
2006-09-01
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| Series: | REGE Revista de Gestão |
| Subjects: | |
| Online Access: | http://www.revistas.usp.br/rege/article/view/36566 |