Predictability of Returns and Cash Flows
Ralph S. J. Koijen
University of Chicago - Booth School of Business
Stijn Van Nieuwerburgh
affiliation not provided to SSRN
January 6, 2012
NYU Working Paper No. FIN-11-051
We review the literature on return and cash flow growth predictability form the perspective of the present-value identity. We focus predominantly on recent work. Our emphasis is on U.S. aggregate stock return predictability, but we also discuss evidence from other asset classes and countries.
Number of Pages in PDF File: 33working papers series
Date posted: January 13, 2012
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo3 in 0.579 seconds