Dow is from the European University Institute and is also affiliated with the London Business School. Gorton is from the Wharton School of the University of Pennsylvania and is a research associate at the NBER. We thank seminar participants at Princeton, UCLA, Boston College, Duke, Stanford, Northwestern, Temple, the CEPR Conference on Financial Intermediation, and London Business School for comments.
Stock Market Efficiency and Economic Efficiency: Is There a Connection?
Article first published online: 18 APR 2012
1997 The American Finance Association
The Journal of Finance
Volume 52, Issue 3, pages 1087–1129, July 1997
How to Cite
DOW, J. and GORTON, G. (1997), Stock Market Efficiency and Economic Efficiency: Is There a Connection?. The Journal of Finance, 52: 1087–1129. doi: 10.1111/j.1540-6261.1997.tb02726.x
- Issue published online: 18 APR 2012
- Article first published online: 18 APR 2012
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