Journal ArticleDOI
The Supply of Capital Market Returns
TLDR
In this paper, the supply of capital market returns has been studied in the context of the stock market and stock market volatility, and the supply has been shown to be positively correlated with stock market returns.Abstract:
(1984). The Supply of Capital Market Returns. Financial Analysts Journal: Vol. 40, No. 2, pp. 74-80.read more
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Journal ArticleDOI
Long-Run Stock Returns: Participating in the Real Economy
G IbbotsonRoger,ChenPeng +1 more
TL;DR: In this article, the authors decomposed the 1926-2000 historical equity returns into supply factors, including inflation, earnings, dividends, P/E, the dividend-payout ratio, book value, return on equity, and GDP per capita.
Journal ArticleDOI
How do equity markets react to COVID-19? Evidence from emerging and developed countries.
TL;DR: Using high-frequency daily data across 53 emerging and 23 developed countries from January 14 to August 20, 2020, it is found that COVID-19 cases and deaths adversely affect stock returns and increase volatility and trading volume.
Book ChapterDOI
History and the Equity Risk Premium 1
TL;DR: In this paper, the authors summarize some of their own past findings and place them in the context of the historical development of the idea of the equity risk premium and its empirical measurement by financial economists.
Posted Content
Using Earnings Forecasts to Simultaneously Estimate Firm-Specific Cost of Equity and Long-Term Growth
Alexander Nekrasov,Maria Ogneva +1 more
TL;DR: In this article, the authors developed a new implied cost of equity (COE) measure that is more accurate than existing measures because it incorporates endogenously estimated long-term growth in earnings.
Journal ArticleDOI
The Stock Market and the Corporate Sector: A Profit-Based Approach
Anwar Shaikh,Anwar Shaikh +1 more
TL;DR: In this paper, the authors show that the empirical movements of stock prices can be explained directly by fundamentals and that the real stock market rate of return closely follows the real incremental rate of profit of the corporate sector, with the two rates displaying similar means and standard deviations.
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