Archive von 7.Juni 2008

Ratings and the Efficient Market Hypothesis

Samstag, 7.Juni 2008

The „efficient market hypothesis“ is a still-controversial economic theory with implications for rated debt issuers, writes Rod Rumreich, Senior Advisor, Global Investment Advisors, Inc., Carlsbad, California, USA (www.gia-inc.com), in the GIA Bulletin. „The hypothesis says that the market price of a security fully and accurately reflects all available information. Changes in the price of a […]