Fundamental analysis of stocks by two-st
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Cristina Abad; Sten A. Thore; Joaquina Laffarga
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Article
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2004
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John Wiley and Sons
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English
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## Abstract 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