Does Value Spread Predict Stock Returns? International Evidence
碩士 === 國立暨南國際大學 === 財務金融學系 === 99 === The paper explores the predictive ability of the value spread based on a sample of 45 MSCI countries. We follow the methodology proposed by Liu and Zhang (2007) and support their evidence that the value spread is largely acyclic and is not a useful predictor of...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2011
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| Online Access: | http://ndltd.ncl.edu.tw/handle/rb2w4q |