It is of benefit only to the parasites being advisors and calling themselves “the market". I confess to being a low-life parasite.
At the outset, entrepreneurs met investors in one-off arrangements. This worked well when a voyage to east India was being financed but it becomes unsuitable for long-term ventures like an on-going enterprise. The equity markets turned into stock exchanges and is now a digital and global animal. Along the way, the markets switched its focus from financing to the trading of shares in large companies, entities that does not need financing.
Today the financial markets work well for a company up to and including the IPO. The pre-IPO markets are for the benefit of the company. After an IPO, the markets exist to take money out of the company and stuff the pockets of all the advisors and journalists (including me). The post-IPO markets are for the benefit of everybody except the investors and the companies.
To assist the hijackers, financial theories have been developed. They go head to head with accepted scientific decision making but being highly quantitative, nobody can question them.
The only people than can recreate a functioning market are the companies. By ignoring the short-term dysfunctional demands of The Market and start communicating their strategic intent. They need to get their current and potential shareholders and all stakeholders engaged. A first step is to start communicating the strategic intent rather than useless historic financials.