𝔖 Bobbio Scriptorium
✦   LIBER   ✦

A PERSPECTIVE ON ACCOUNTING AND STOCK PRICES

✍ Scribed by Michael J. Brennan


Book ID
117964775
Publisher
John Wiley and Sons
Year
1995
Weight
157 KB
Volume
8
Category
Article
ISSN
1078-1196

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Market fundamentals versus rational bubb
✍ Nathan S. Balke; Mark E. Wohar πŸ“‚ Article πŸ“… 2008 πŸ› John Wiley and Sons 🌐 English βš– 469 KB

## Abstract Using Bayesian Markov chain Monte Carlo methods, we decompose the log price‐dividend ratio into a market fundamentals component and a bubble component. The market fundamentals component depends on expectations of future dividend growth and required returns, while the bubble component is