Given these principles, what important part does the efficient capital markets theory and evidence play in finance?

Complete the following readings: Chauhan, Y., Chaturvedula, C., & Iyer, V. (2014). Insider trading, market efficiency, and regulation. A literature review. Review of Finance & Banking, 6(1), 7-14. Klock, S. A., & Bacon, F. W. (2014). The January effect: A test of market efficiency. Journal of Business & Behavioral Sciences, 26(3), 32-42. Note: It is recommended that students conduct the proper research via the online library, and its databases. Discussion Board Week 5 Discussion Discussion Click for more options The efficient market theory is one of the key components investors and business organizations must apply to succeed in their businesses. Market efficiency will require examining the performance of investment analysts and mutual funds, whether stock prices reflect publicly available information, and the importance and effectiveness of technical analysis. Given these principles, what important part does the efficient capital markets theory and evidence play in finance? No Wikipedia, Investopedia, BLOGS with ads from yahoo.com or google.com, as they present a biased opinion.