Elephants in Equity Markets
收藏NBER2024-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32756
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资源简介：
We introduce a novel empirical market-clearingbased decomposition of equity price growth. Using sample holdings covering only an average of 6% of market capitalization, we account for, on average, 88% of time variation in over 22,000 individual stock prices and 95% of fluctuations in 33 aggregate
提供机构：
美国国家经济研究局
创建时间：
2024-07-01
