What Is the Basic Assertion of the Efficient Capital Market

question 52

Essay

What is the basic assertion of the efficient capital market theory? What are the implications of an "efficient market" for:

Learn methods for measuring the effectiveness of an ethics program.

Differentiate between codes of values, ethics, and conduct, and understand their significance.

Understand common challenges in implementing organizational ethics programs and strategies to overcome them.

Recognize the importance of fostering an ethical corporate culture to prevent misconduct.

---

Definitions:

Life Cycle

The series of changes an organism goes through from its beginning as an independent life form to its death, including development, maturity, and eventual decline.

Social Change

The transformation over time in the societal structures and cultural patterns through collective action or policies.

Revolutionary

Pertaining to or involved in bringing about a radical change in society or an existing system, often through dramatic means.

Reformist

An advocate for gradual and systematic changes within a system to improve it, without overturning the entire system.