Becchetti, Leonardo; Bagella, Michele; Adriani, Fabrizio - Centro di Studi Internazionali Sull'Economia e la … - 2003
By assuming that a large share of investors (which we call fundamentalists) follows a fundamental approach to stock picking, we build a discounted cash flow (DCF) model and test on a sample of high-tech stocks whether the strong and the weak version of the model are supported by data from the US...
