efficient market
efficient market
Finance dictionary of financial terms
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Economics and finance
Definition of efficient market
efficient market: A market that allocates funds to their most productive uses due to competition among wealth-maximizing investors, it determines and publicizes prices that are believed to be close to their true or intrinsic value (inherent worth). It is an assumed “perfect market” in which there are many small invewstors, each having the same information and expectations with respect to securities, there are no restrictions on investment, no taxes, and no transaction costs, and all investors are rational, view securities similarly, and are risk-averse, preferring higher returns and lower risk.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of efficient market
Meaning of efficient market
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