The Predictabilty of German Stock Returns
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Beschreibung
Extensive literature investigates the predictability of U.S. equity returns. This does not imply, however, that the results are equally valid for the German equity market.
Judith Klähn's central theory is that the German stock market is not comparable to Wall Street. She proves that some of the most important variables in predicting U.S. equity returns are not significant for the German stock market. The author shows that the composition of Germany's investor base plays an important role, and she outlines the variables crucial for the German stock market.
Extensive literature investigates the predictability of U.S. equity returns. This does not imply, however, that the results are equally valid for the German equity market.
Judith Klähn's central theory is that the German stock market is not comparable to Wall Street. She proves that some of the most important variables in predicting U.S. equity returns are not significant for the German stock market. The author shows that the composition of Germany's investor base plays an important role, and she outlines the variables crucial for the German stock market.
Autor*in
Judith Klähn
Themen in »The Predictabilty of German Stock Returns«
Empirische Finanzmarktforschung Finanzmarkt German stock market Germany market research statistical method statistics stock market value-at-risk