This paper studies the effect of new fund flows on investment behavior and the resulting equilibrium price of risk. The Small Fund Industry model shows equilibria with overinvestment in unprofitable and underinvestment in profitable investment opportunities. The Large Fund Industry model derives...

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,...