有效市场假说对会计的影响

在有效市场假说下,股票价格总能及时、准确、充分地反映所有相关信息。也就说,股票价格是绝大多数投资者对各种信息进行综合分析判断的均衡值,反映了资本市场上绝大多数投资者根据已有信息对公司价值的总体预期。有效市场假说对信息与价格的关系认知,推动了对会计信息作用的再认识,促进了决策有用性目标的确立,促使会计研究由规范研究转向实证研究,实证检验会计信息的有用性。

Influence of the efficient market hypothesis to the accounting

In the efficient market hypothesis, stock prices can timely, accurately, and fully reflect all relevant information. That is to say, the price of the stock is the vast majority of investors are balanced comprehensive analysis and judgment of value of information, reflecting the capital market the vast majority of investors according to the existing information on the value of the firm＇s expected overall. The relationship between cognition of the efficient market hypothesis on the information and prices, promote the further understanding of the role of accounting information, promote the establishment of decision usefulness objective, make accounting research to empirical research by normative research, empirical test of the usefulness of accounting information.