1932

Abstract

We review the literature on return and cash-flow growth predictability from the perspective of the present-value identity. We focus predominantly on recent work. Our emphasis is on U.S. aggregate stock return predictability, but we also discuss evidence from other asset classes and countries.

Loading

Article metrics loading...

/content/journals/10.1146/annurev-financial-102710-144905
2011-12-05
2024-06-17
Loading full text...

Full text loading...

/content/journals/10.1146/annurev-financial-102710-144905
Loading
/content/journals/10.1146/annurev-financial-102710-144905
Loading

Data & Media loading...

  • Article Type: Review Article
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error