Dynamic relationships between financial conditions index and stock returns

Amin Sadat; Ebrahim Abbasi; Hasan Ghalibaf Asl

Volume 4, Issue 1 , 2020, , Pages 124-145

https://doi.org/10.22034/ijf.2020.234560.1137

Abstract
  Stock return predictability has been extensively considered as a stylized reality. Theories indicate that returns should change along the time, and various studies have presented evidence on this point. On the other hand, there is an optimal portfolio in each regime, and one cannot claim that a specific ...  Read More