Predictability of Returns and Cash Flows

Article, Preprint OPEN
Ralph S.J. Koijen; Stijn Van Nieuwerburgh;
(2011)
  • Related identifiers: doi: 10.1146/annurev-financial-102710-144905
  • Subject: return predictability, present-value model, dividend growth predictability
    • jel: jel:G1 | jel:G12 | jel:G11 | jel:G10 | jel:G14 | jel:G35 | jel:G17

We review the literature on return and cash flow growth predictability form 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... View more
  • References (40)
    40 references, page 1 of 4

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