摘要
有效市场假说作为一种成熟的传统金融理论,已经受到了行为金融学的挑战,行为金融学对市场异象进行了解释,而有效市场假说也对行为金融学进行了批评,两者的争论必将对金融理论与实践产生越来越大的影响。
EMH (efficiency market hypothesis) , as a highly-developed traditional theory of finance is faced with the challenge of behavioral finance. Behavioral finance interprets the abnormalities of market while EMH has behavioral finance as its object of criticism. Therefore the argument is certain to produce an ever-increasing effect on financial theory and practice.
出处
《审计与经济研究》
北大核心
2003年第5期48-51,共4页
Journal of Audit & Economics
