Based on the empirical evidence from several academic studies, managers appear to successfully engage in time the issuance of SEOs and share repurchase. If this stands the test of time, then this is evidence that:
markets are strong form efficient |
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markets are inefficient |
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markets are semi-strong form efficient |
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markets are weak-form efficient |
As per details given in the information-
Correct Answer is option C
Markets are Semi- Strong form efficient
Semi strong Form efficient- It is a type of EMH, which shows that
security prices are adjust when new information is available.
Share repurchase , equity issue announcement are the announcement
which instead adjust the share prices of the company.
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