Bubbles for Fama
收藏NBER2017-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w23191
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资源简介：
We evaluate Eugene Famas claim that stock prices do not exhibit price bubbles. Based on US industry returns 1926-2014 and international sector returns 1985-2014, we present four findings: (1) Fama is correct in that a sharp price increase of an industry portfolio does not, on average, predict
提供机构：
美国国家经济研究局
创建时间：
2017-02-01
