## ABSTRACT A long‐standing puzzle to financial economists is the difficulty of outperforming the benchmark random walk model in out‐of‐sample contests. Using data from the USA over the period of 1872–2007, this paper re‐examines the out‐of‐sample predictability of real stock prices based on price–
✦ LIBER ✦
Dividend-Price Ratios and Stock Returns: International Evidence
✍ Scribed by Cornell, Bradford
- Book ID
- 126472390
- Publisher
- Institutional Investor
- Year
- 2014
- Tongue
- English
- Weight
- 579 KB
- Volume
- 40
- Category
- Article
- ISSN
- 0095-4918
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