EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

The Journal of FinanceVolume 25, Issue 2 p. 383-417 Session Topic: Stock Market Price Behavior EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* Burton G. Malkiel, Burton G. Malkiel Session ChairmanSearch for more papers by this authorEugene F. Fama, Eugene F. Fama Joint Session with the Econometric SocietyUniversity of Chicago—Joint Session with the Econometric Society.Search for more papers by this author Burton G. Malkiel, Burton G. Malkiel Session ChairmanSearch for more papers by this authorEugene F. Fama, Eugene F. Fama Joint Session with the Econometric SocietyUniversity of Chicago—Joint Session with the Econometric Society.Search for more papers by this author First published: May 1970 https://doi.org/10.1111/j.1540-6261.1970.tb00518.xCitations: 44 †Research on this project was supported by a grant from the National Science Foundation. I am indebted to Arthur Laffer, Robert Aliber, Ray Ball, Michael Jensen, James Lorie, Merton Miller, Charles Nelson, Richard Roll, William Taylor, and Ross Watts for their helpful comments. Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume25, Issue2May 1970Pages 383-417 RelatedInformation