Tag Archives: values

Do Stock Prices Reflect Firm Fundamentals? An Empirical Analysis of a Large Global Sample 

By | July 21, 2022

There is a heated academic debate about the degree to which market prices of financial assets reflect underlying fundamental values, well summarized by this paper. There are two main schools of thought on the topic: behavioural finance and efficient-market theory. According to the first school of thought, market prices are the result of the interactions… Read More »