Prior literature documents the usefulness of the DuPont disaggregation for predicting firms future profitability, operating income, and stock market returns. In addition, research also emphasizes the importance of earnings quality information. However, there is a lack of research examining how...

This paper revisits the Piotroski F-score strategy in the U.S. stock universe from an investor's perspective. Primarily, we aim to answer the question, whether the high abnormal returns of more than 20 percent p.a. previously proclaimed by academics (Piotroski, 2000) and practitioners (AAII,...

CHAPTER 1 - Primary financial statements -- CHAPTER 2 - Notes to financial statements -- CHAPTER 3 - Financial statement analysis -- CHAPTER 4 – Prospective financial statement analysis and simulations -- CHAPTER 5 – Real-life case study: A flight to a bankruptcy of Norwegian Air Shuttle.