PE and EV/EBITDA Investment Strategies vs. the Market : A Study of Market Efficiency
Background: The efficient market hypothesis states that it is not possible to consistently outperform the overall stock market by stock picking and market timing. This is because, in an efficient market, all stock prices are at their correct level, and there are no over- or undervalued stocks. Never...
| Main Authors: | , |
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| Format: | Others |
| Language: | English |
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Linköpings universitet, Institutionen för ekonomisk och industriell utveckling
2007
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| Subjects: | |
| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-8232 |