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EARNINGS CHANGES, STOCK PRICES, AND MARKET EFFICIENCY

Authors

  • Stewart L. Brown

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    • Assistant Professor of Finance, Florida State University. From a dissertation completed at the University of Florida, December, 1974. The author is indebted to Fred Arditti and other members of his committee, and to Arnold Matthew for his encouragement and support. The paper has benefited from the comments of Elton Scott and a referee of this Journal, R. Richardson Pettit. Mistakes are the sole responsibility of the author.

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