Hi sir,
I have trouble understanding " in a semi strong form efficient market, information available to directors is more substantial than that available to shareholders." I just wonder the reason.
Ask the Tutor ACCA FM
Dec 2010 Q4 d
I also wonder the reason why SEMI STRONG market is mentioned here rather than other form.
10y ago#2The directors will have (for example) knowledge of future plans and access to budgets for the future, that shareholders do not have.
Semi-strong is the most commonly mentioned because that is the level of efficiency that is assumed to be the case currently in most developed stock exchanges.
Thanks
10y ago#4You are welcome :-)
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