This paper makes a preliminary research on the efficient market hypothesis and the random walk hypothesis related as well as its implications for corporate finance.
本文主要就有效市场假设及与有效市场假设有联系的随机游动假设，以及有效市场假设对公司财务的意义作一初步探讨。
We use variance-ratio methodology to test the hypothesis that stock return follows a random walk. But the results of variance-ratio tests reject the random walk hypothesis in China.
使用方差比方法检验中国股票市场上股票收益服从随机游走的假设，检验结果拒绝了该假设。
For a long period, the modern financial theory based on efficient market hypothesis and random walk has been the mainstream of financial fields.
长期以来，以有效市场假说和随机游走为基础的现代金融理论一直占据着金融学术领域的主流地位。
This paper analyses the key role of random walk in the Efficient Market Hypothesis firstly.
本文首先分析了随机游走在有效市场理论中所扮演的重要角色。
This paper analyses the key role of random walk in the Efficient Market Hypothesis firstly.
本文首先分析了随机游走在有效市场理论中所扮演的重要角色。
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