Publication Date
1-1-1993
Abstract
Stock market data for sixteen countries were examined by regressing stock returns on current and future production growth and proxies for risk and the price of risk. Results suggest that changes in expected cash flows account for the regression results.
Document Type
Article
Keywords
stock prices, discount rates, future cash flows, fundamentals
Disciplines
Business
Part of
article
Extent
38 pages
Format
Rights
The files in this collection are protected by copyright law. No commercial reproduction or distribution of these files is permitted without the written permission of Southern Methodist University, Cox Business School. These files may be freely used for educational purposes, provided they are not altered in any way, and Southern Methodist University is cited. For more information, contact ncds@smu.edu.
Language
English
