The Value Spread as a Predictor of Returns
收藏NBER2005-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11326
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资源简介：
Recent studies have used the value spread to predict aggregate stock returns to construct cash-flow betas that appear to explain the size and value anomalies. We show that two related variables, the book-to-market spread (the book-to-market of value stocks minus that of growth stocks) and the market
提供机构：
美国国家经济研究局
创建时间：
2005-05-01
