DeBoeuf, David; Lee, Hongbok; Stanley, Alex - In: Applied Financial Economics 23 (2013) 22, pp. 1745-1754
To reduce large files of data into manageable subsets of stocks marked for further review, bottom-up investors utilize spreadsheet software to sort key financial ratios calculated for all equities contained within. Flaws associated with the commonly used price-to-earnings (PE), price-to-book...