Market Integrity, Market Efficiency, Market Accuracy

The Business Review, Cambridge, Vol. 17, No. 2, pp. 14-20, Summer 2011

7 Pages Posted: 22 Jul 2011

See all articles by Donald Margotta

Donald Margotta

Northeastern University - D'Amore-McKim School of Business - Finance and Insurance Area

Date Written: July 12, 2011

Abstract

Market integrity, market efficiency, and market accuracy are related, but distinctly different concepts which are often misunderstood or misused in public policy debates, especially with regard to corporate takeovers and corporate governance issues. This paper discusses the differences in these terms. It also attempts to clarify and differentiate them and thereby help inform the often heated debate over what these terms mean. Examples are discussed which demonstrate how misuse or misunderstanding of these terms can affect corporate decision making and public policy related to corporate governance issues and hostile takeovers.

Keywords: Market efficiency, corporate governance, takeovers

JEL Classification: G14, G18, G34

Suggested Citation

Margotta, Donald, Market Integrity, Market Efficiency, Market Accuracy (July 12, 2011). The Business Review, Cambridge, Vol. 17, No. 2, pp. 14-20, Summer 2011, Available at SSRN: https://ssrn.com/abstract=1892251

Donald Margotta (Contact Author)

Northeastern University - D'Amore-McKim School of Business - Finance and Insurance Area ( email )

Boston, MA 02115
United States
617-373-4739 (Phone)

HOME PAGE: http://web.cba.neu.edu/~dmargotta/

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
131
Abstract Views
945
rank
253,722
PlumX Metrics