Observed and "fundamental" price earnings. Is there a dragging anchor for high-tech stocks?
Adriani FabrizioBagella MicheleBecchetti Leonardo
CEIS Working Papers
By assuming that a large share of investors follows a fundamental approach to stock picking we build a discounted cash flow (DCF) model (which we assume to be commonly used by fundamentalists) and test on a sample of high-tech stocks whether the strong an
Date: Thursday 01 February 2001
Revision Date: Thursday 01 February 2001