Research into Share Price Behaviour Available to Purchase

Over the last ten years there has been an enormous growth in research into share price behaviour. Most of the studies have been undertaken in the USA although there has recently been a growing interest in the British and European equity markets. This growth in research has been occasioned by the ignorance of the working of capital markets and by the advent of computer data banks which have facilitated large scale empirical investigations. Both completed research and future programmes represent large commitments in terms of manpower and computer time and thus there is a definite need to assess the potential benefits from such studies. This paper will point out some of the advantages that may accrue from a continuing study of share price behaviour.