Эксоцман
на главную поиск contacts

Economic Forces and the Stock Market

Опубликовано на портале: 12-11-2004
Journal of Business. 1986.  Vol. 59. No. 3. P. 383-403. 
Тематический раздел:
This paper tests whether innovations in macroeconomic variables are risks that are rewarded in the stock market. Financial theory suggests that the following macroeconomic variables should systematically affect stock market returns: the spread between long and short interest rates, expected and unexpected inflation, industrial production, and the spread between high- and low-grade bonds. We find that these sources of risk are significantly priced. Furthermore, neither the market portfolio nor aggregate consumption are priced separately. We also find that oil price risk is not separately rewarded in the stock market.

Материалы статьи используются в книге "Принципы корпоративных финансов" (Брейли, Майерс)

Ссылки
текст статьи на сайте JSTOR:
http://links.jstor.org/sici?sici=0021-9398%28198607%2959%3A3%3C383%3AEFATSM%3E2.0.CO%3B2-L
BiBTeX
RIS
Ключевые слова

См. также:
Георгий Борисович Поляк
[Книга]
Raed F. Hattar, James R. Bacon, Ulrich C. Toensmeyer, C. M. Gempesaw
Journal of Food Distribution Research. 1994.  Vol. 25. No. 1.
[Статья]
Анатолий Иванович Ковалев
[Книга]
Richard Charles Levin, Wesley Marc Cohen
[Книга]
Татьяна Васильевна Фролова
Директор школы. 1998.  № 5. С. 7-12. 
[Статья]
Jeffrey Gillespie, Vernon R. Eidman
Journal of Agricultural and Applied Economics. 1998.  Vol. 30. No. 1. P. 175-188. 
[Статья]
Далия Стреймикиене, Виталий Кафтан
TERRA ECONOMICUS. 2021.  Т. 19. № 2. С. 105-113. 
[Статья]