View list of references View citations in EconPapers Downloads external linkhttptaylorandfran Do hightech stock prices revert to their fundamental value? Leonardo Becchetti and Fabrizio Adriani Applied Financial Economics, vol.

It finds on sample of hightech stocks that the crosssectional distance from the fundamental positively affect future stock returns but are, in the meantime, significantly affected by shortterm future changes in fundamentals.. &idUPD6RKKC78TNXD36 texthtml Access to full text is restricted to subscribers. Related worksThis item be available elsewhere in EconPapers Search for items with the same title. Taylor More articles in Applied Financial Economics from Taylor and Francis JournalsSeries data maintained by Christopher Related worksThis item be available elsewhere in EconPapers Search for items with the same title.

Finding evidence of both reversion to the DCF fundamental and insider trading or delays in the adjustment of publicly available information, since negative deviations from the DCF fundamental value. Ordering information This journal article can be ordered Access Statistics for this articleApplied Financial Economics is edited by Mark It also tests whether stock returns are significantly affected by lagged deviations from the DCF fundamental value.

It finds on sample of hightech stocks that the crosssectional distance from the fundamental positively affect future stock returns but are, in the meantime, significantly affected by shortterm future changes in fundamentals. 14, issue 7, pages 461476 Abstract By assuming that fundamentals matter, this article builds discounted cash flow DCF model which is assumed to be commonly used by fundamentalists where the determination of the fundamental is affected by variables proxying for the unobserved firm quality and for the value of its real option for expansion. Do hightech stock prices revert to their fundamental value?

Related worksThis item be available elsewhere in EconPapers Search for items with the same title. Finding evidence of both reversion to the DCF fundamental and insider trading or delays in the adjustment of publicly available information, since negative deviations from the fundamental is significantly affected by chartists variables measuring stock momentum. Ordering information This journal article can be ordered Access Statistics for this articleApplied Financial Economics is edited by Mark Taylor More articles in Applied Financial Economics from Taylor and Francis JournalsSeries data maintained by Christopher &idUPD6RKKC78TNXD36 texthtml Access to full text is restricted to subscribers.