Stock Portfolio Excess Returns and Macroeconomic Variables: An Empirical Analysis of the Singapore Stock Market
Economic agents use information in forming their expectations of future returns from holding stock securities. These securities should be priced to reflect the risks due to economywide fluctuations. The information is updated given the realisations of the factors, which are taken as unobservable but...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1990
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/1501 https://doi.org/10.1007/bf01731421 |
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| Institution: | Singapore Management University |
| Language: | English |
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