Download this Paper Open PDF in Browser

Equity Pricing, the Informational Regime and Efficient Markets: A Historical Perspective

64 Pages Posted: 11 Mar 2007  

P. M. Vasudev

University of Ottawa - Common Law Section

Date Written: February 2007

Abstract

Share prices are the very heart of the stock market, and this paper traces the practices that have been historically applied in the stock market for pricing equity shares. The story begins at the Exchange Alley in 17th century London, England and travels its way to 20th century America. The study is in the context of (a) the informational regime that had its origin in England in the nineteenth century and was adopted for securities regulation in the United States in the 1930s, and (b) the Efficient Markets Hypothesis formulated in the economics discipline, as an offshoot of the informational regime.

Keywords: asset pricing, stock markets, informational regime, efficient markets

JEL Classification: G38, K22, L50, N10, N11

Suggested Citation

Vasudev, P. M., Equity Pricing, the Informational Regime and Efficient Markets: A Historical Perspective (February 2007). Available at SSRN: https://ssrn.com/abstract=969751 or http://dx.doi.org/10.2139/ssrn.969751

P. M. Vasudev (Contact Author)

University of Ottawa - Common Law Section ( email )

57 Louis Pasteur Street
Ottawa, K1N 6N5
Canada
613-562-5800 (Phone)
613-562-5124 (Fax)

HOME PAGE: http://commonlaw.uottawa.ca/en/people/vasudev-pm

Paper statistics

Downloads
189
Rank
135,358
Abstract Views
932