1. What is the importance of Fama’s definitions in capital market research? 2. Summarize the arguments for and against the market efficiency theory. 3. What are the characteristics of capital market...

1. What is the importance of Fama’s definitions in capital market research?

2. Summarize the arguments for and against the market efficiency theory.

3. What are the characteristics of capital market research in auditing?

4. What problems occur in research design for ‘event studies’ in auditing?

5. What are the possible choices for determining the announcement date of audit qualification( s)? To what extent can the accuracy of this choice affect the findings of event studies in auditing?