其次，介绍了会计信息监管理论中的有效市场理论，它是会计信息监管存在的前提；

Then it introduces theory of effective market in the accounting information surveillance theory, which is the premise of the existence of accounting information surveillance.

youdao

当时，所谓的有效市场理论说股价是随机波动的，是无法被预测的，那时这个理论正在逐渐流行。

At the time, the so-called "efficient market hypothesis," which states that stock prices move randomly and therefore can't be predicted, was coming into vogue.

youdao

他提出，这种思路来源于有效市场理论的一个信条，认为价格即可反映商品的全部信息。

This approach, he argues, stems from a belief in efficient-market theory which states, at its simplest, that prices reflect all available information.

youdao

the notion that markets are efficient which is the same sort of theory about all markets.

市场是有效的观点，The，efficient—,这一理论其实一定程度上适用于所有的市场。

耶鲁公开课 - 金融市场课程节选