This study aims to analyze the application of fundamental analysis methods in stock valuation in the capital market. The fundamental analysis method is an approach used to assess the intrinsic value of a stock based on the company's fundamental factors, including financial statements,...

The paper proposes that the organization of financial markets is decided by the allocation of the liability to repay investors. Based on the liability allocation, the paper examines all possible modes of organizing finance and monitoring in an economy a la Townsend (1979). The equilibrium mode...