Kamis, 29 November 2012
Rabu, 07 November 2012
evidEnCE
THE EVIDENCE
The evidence on the efficient-market hypothesis is
extensive,with studies covering the board categories of week form,semistrong
form,and strong-form efficiency.In the first category we investigate whether
stock price changes are random.We review both event studies and studies of the
performance of mutual funds in the second category.In the third category,we
took at the performance of corporate insiders.
baLance sHeet
THE BALANCE SHEET
The balance sheet is an accountant’s snapshot of the
firm’s accounting value on a particular date,as though the firm stood
momentarily still.The balance sheet has two sides:On the left are the assets
and on the right are liabilities and stockholder’s equity.The balance sheet
states what the firm owns and how it is financed.The accounting definition that
underlies the balance sheet and describes the balance is:ASSETS=LIABILITIES+STOCKHOLDER’S EQUITY
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