Procyclical Stocks Earn Higher Returns
收藏NBER2024-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32509
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资源简介：
We find that procyclical stocks, whose returns comove with business cycles, earn higher average returns than countercyclical stocks. We use almost a three-quarter century of real GDP growth expectations from economists surveys to determine forecasted economic states. This approach largely avoids the
提供机构：
美国国家经济研究局
创建时间：
2024-06-01
