Reconciling the Return Predictability Evidence
收藏数据链接:
官方服务:
资源简介:
Evidence of stock return predictability by financial ratios is still controversial, as documented by inconsistent results for in-sample and out-of-sample regressions and by substantial parameter instability. This paper shows that these seemingly incompatible results can be reconciled if the
提供机构:
美国国家经济研究局创建时间:
2006-03-01



