有效率资本市场理论的发展及其启示

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摘要有效率资本市场理论是现代金融理论的核心思想之一。本文首先评述了有效率资本市场理论的产生和发展及问题 ,然后讨论了该理论对我国资本市场发展的启示 ,认为资产价格准确反映公司内在价值和较高的流动性是有效率资本市场理论的两个最根本的特征。我国资本市场的健康发展 ,依赖于效率的提高。

作者郑长德

机构地区西南民族学院经济与管理学院

出处《西南民族学院学报（哲学社会科学版）》北大核心 2001年第8期11-14,126,共5页 Journal of Southwest University for Nationalities(Philosophy and Social Sciences)

关键词随机行走有效率资本市场中国发展 EMH 信息成本非一致性预期直接融资间接融资国有企业改革风险厌恶

参考文献9

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2001年第8期

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