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The age of cheap money and passive investing: Are pro forma earnings value relevant? (2020)
Journal Article
Meier, F. (2020). The age of cheap money and passive investing: Are pro forma earnings value relevant?. Journal of Finance and Investment Analysis, 9(2), 1-35

This study investigates the impact of pro forma earnings on stock misvaluation. In light of a decade of substantial changes in the market and investment environment since 2008 that are challenging the traditional primacy of accounting disclosures for... Read More about The age of cheap money and passive investing: Are pro forma earnings value relevant?.