An Exploratory Investigation of the Fundamental Determinants of National Equity Market Returns
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This paper studies average and conditional expected returns in national equity markets, and their relation to a number of fundamental country attributes. The attributes are organized into three groups. The first is relative valuation ratios, such as price-to-book-value, cash-flow, earnings and
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美国国家经济研究局创建时间：
1993-12-01
