Empirical Study on the Shanghai Security Market Efficiency;

Based on the concept of history,we suggest a new method to test market efficiency.

The compare of information mechanism in efficient market and fractal market;

Discussion on the Economic Consequences of Efficient Market Theory and Accounting Policy Option;

The government is expected to play a f undamental role in the formation of a n efficient market.

Research on Effective Markets of Natural Monopoly Industries;

From the rational behavior, the hypothesis of effective market thinks the securities price always may fully reflect obtainable information.

However, the basic hypothesis of the theory--effective market is not suitable to the market circumstance in our country.

The mainstream pattern of investment finance is based on EMH, and its main characteristic consists of equilibrium、linear thought and optimal solution of standard metrologic model, which experience all sorts of trials and are regarded as the basis of modern capital market theory.

The proposal of efficient market hypothesis (EMH) as a milestone event has been meaning extremely important to financial markets.

As the foundation of mainstream finance and modern investment theory, Efficient Market Theory, also called Efficient Market Hypothesis (EMH), has caused wide concern in the field of finance for a long time.