Abad, Cristina; Thore, Sten A.; Laffarga, Joaquina - In: Managerial and Decision Economics 25 (2004) 5, pp. 231-241
Fundamental analysis of stocks links financial data to firm value in two consecutive steps: a predictive information link tying current financial data to future earnings, and a valuation link tying future earnings to firm value. At each step, a large number of causal factors have to be factored...