The Efficient Market Hypothesis and Accounting Information

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Instruction:

Debate:  The Efficient Market Hypothesis and Accounting Information

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It has been argued that by the time financial statements are issued, the market price of shares already reflects the information contained in them; hence, accounting information is not relevant.

Present arguments that given the EMH, accounting information is relevant.

Template:

Introduction

Summary (claim/argument)
How is it relevant (evidence/proof)
Critique the source (So what?  Why does this matter?)

Conclusion

https://app.shoreline.edu/doldham/102/html/sod%20outline.html

(Hint, See above discussions of Market Efficiency between Fama and Thaler)

Are markets efficient? A discussion between Thaler and Fama