What are the implications of the efficient markets hypothesis for corporate managers regarding ...

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Author Question: What are the implications of the efficient markets hypothesis for corporate managers regarding ... (Read 105 times)

nramada

Hero Member
Posts: 580

on: Jul 9, 2019

What are the implications of the efficient markets hypothesis for corporate managers regarding accounting earnings?

Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2^nd Edition

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enass

Sr. Member
Posts: 380

Reply #1 on: Jul 9, 2019

Managers should not focus on accounting earnings but instead focus on maximizing cash flows.

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nramada

Hero Member
Posts: 580

Reply #2 on: Jul 9, 2019

Thanks

enass

Sr. Member
Posts: 380

Reply #3 on: Jul 9, 2019

Welcome

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