Predictable Stock Returns: Reality or Statistical Illusion?
收藏NBER1990-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3297
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资源简介：
Recent research suggests that stock returns are predictable from fundamentals such as dividend yield, and that the degree of predictability rises with the length of the horizon over which return is measured. This paper investigates the magnitude of two sources of small simple bias in these results.
提供机构：
美国国家经济研究局
创建时间：
1990-03-01
