The market equilibration process describes the events that occur when sellers and consumers make choices in an efficient market(McConnell, Brue, & Flynn, 2009 ). Sellers and buyers are the primary owners of resources in the market, and they compete to obtain their companies need. According to Prasch, (1992) “The Modern theorists of economics and finance think of the market for corporate governance as a perfectly competitive or efficient market. To economists, this implies that the market price of an asset is an unbiased calculation of a corporation's true underlying value.”

Some proponent and critics alike, believe that the efficient market theory was dominant in the