The Leading Premium
收藏NBER2019-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25633
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资源简介：
In this paper, we compute conditional measures of lead-lag relationships between GDP growth and industry-level cash-flow growth in the US. Our results show that firms in leading industries pay an average annualized return 4% higher than that of firms in lagging industries. Using both time series and
提供机构：
美国国家经济研究局
创建时间：
2019-03-01
