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American Finance Association（美国金融协会）
American Finance Association
Efficient Capital Markets: II
Author(s): Eugene F. Fama
Source: The Journal of Finance, Vol. 46, No. 5 (Dec., 1991), pp. 1575-1617
Published by: Blackwell Publishing for the American Finance Association
Stable URL: /stable/2328565
Accessed: 30/03/2010 21:19
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THE JOURNAL OF FINANCE * VOL. XLVI, NO. 5 * DECEMBER 1991
Efficient Capital Markets: II
EUGENE F. FAMA*
SEQUELSARE RARELYAS good as the originals, so I approach this review of the
market efflciency literature with trepidation. The task is thornier than it
was 20 years ago, when work on efficiency
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