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American Finance Association

American Finance AssociationEfficient capital Markets: A review of Theory and Empirical WorkAuthor(s): Eugene F. FamaSource: The Journal of Finance , Vol. 25, No. 2, Papers and Proceedings of the Twenty-EighthAnnual Meeting of the American Finance Association New York, December, 28-30, 1969(May, 1970), pp. 383-417 Published by: Blackwell Publishing for the American Finance AssociationStable URL: : 30/03/2010 21:28 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available JSTOR's Terms and Conditions of Use provides, in part, that unlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and youmay use content in the JSTOR archive only for your personal, non-commercial contact the publisher regarding any further use of this work.

American Finance Association Efficient Capital Markets: A Review of Theory and Empirical Work Author(s): Eugene F. Fama Source: The Journal of Finance, Vol. 25, No. 2, Papers and Proceedings of the Twenty-Eighth

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Transcription of American Finance Association

1 American Finance AssociationEfficient capital Markets: A review of Theory and Empirical WorkAuthor(s): Eugene F. FamaSource: The Journal of Finance , Vol. 25, No. 2, Papers and Proceedings of the Twenty-EighthAnnual Meeting of the American Finance Association New York, December, 28-30, 1969(May, 1970), pp. 383-417 Published by: Blackwell Publishing for the American Finance AssociationStable URL: : 30/03/2010 21:28 Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available JSTOR's Terms and Conditions of Use provides, in part, that unlessyou have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and youmay use content in the JSTOR archive only for your personal, non-commercial contact the publisher regarding any further use of this work.

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