The Adjustment of Stock Prices to New Information

Fama, E. F., Fisher, L., Jensen, M. C., & Roll, R. (1969). The Adjustment of Stock Prices to New Information. International Economic Review, 10(1), 1-21.

Type

Journal article

Intellectual base

Primary research

Year

1969

Volume

10

Issue

1

Pages

1-21

DOI

10.2307/2525569

DOI registrant

JSTOR

Link

https://doi.org/10.2307/2525569

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Mechanisms

• Event-Study Information-Response Test
  • It is the cleanest single test of semi-strong-form incorporation

    This sourceAn event study tests how quickly market prices incorporate a dated public-information event.

Verification

Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.

Does it back the claim? Not recorded. The single citation of this work carries no recorded support check.

Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.

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Registry ID ref:b05a9e855f60 · see in the full table