Volatilidad y Eficiencia en el Mercado Accionario: Evidencia Reciente para el Caso Chileno

The simple valuation model for stock prices, according to the efficient capital markets theory, asserts that stock prices are equal to the present value of expected future dividends. However, observed stock prices seem to be far more volatile than what th

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Year of publication:	1994
Authors:	Budnevich, Carlos ; Basch, Michael
Published in:	Latin American Journal of Economics-formerly Cuadernos de Economía. - Instituto de Economía, ISSN 0717-6821. - Vol. 31.1994, 92, p. 59-86
Publisher:	Instituto de Economía

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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