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Predictability of short-horizon returns in international equity markets

✍ Scribed by Dilip K. Patro; Yangru Wu


Book ID
116641542
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
484 KB
Volume
11
Category
Article
ISSN
0927-5398

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## Abstract We examined the link between international equity flows and US stock returns. Based on the results of tests of in‐sample and out‐of‐sample predictability of stock returns, we found evidence of a strong positive (negative) link between international equity flows and contemporaneous (one‐