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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Dec 2010 Q4 d
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.
I also wonder the reason why SEMI STRONG market is mentioned here rather than other form.
The 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
You are welcome 🙂