journal6 ›› 2012, Vol. 33 ›› Issue (1): 107-111.DOI: 10.3969/j.issn.1007-2985.2012.01.027

• Communication • Previous Articles     Next Articles

Efficient Market Hypothesis,Informational Conditions and Social Welfare


  1. (Business School,Hunan International Economics University,Changsha 410205,China)
  • Online:2012-01-25 Published:2012-04-26

Abstract: The author analyzes the informational conditions in line with the efficiency of capital market,and reasons the relationship between the degree of capital market’s effiency and investors’ welfare based on the market general equilibrium theory.Then,some suggestions are put forward to improve the informational conditions for Chinese capital market.

Key words: capital market, informational conditions, social welfare, market general equilibrium theory

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