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Discuss the key debating points

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Question -

(a) Discuss the key debating points within the Efficient Markets Hypothesis.

(b) What does capital markets-based research tell us about the way in which share prices incorporate accounting information?

References: Ball, R. and P. Brown 'An empirical evaluation of accounting income numbers', Journal of Accounting Research 6(2) 1968, pp. 159-78. Watts, R.L. and J. Zimmerman Positive accounting theory. (Englewood Cliffs, NJ: Prentice-Hall, 1986) [ISBN 9780136861713].

Reference no: EM133158543

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