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

Carlos Budnevich and Michael Basch

Latin American Journal of Economics-formerly Cuadernos de Economía, 1994, vol. 31, issue 92, 59-86

Abstract: 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

Date: 1994
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Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto

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