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A modification of Kenneth West's method for investigating speculative bubbles in stock prices, in which a direct test … of the "no bubble" hypothesis is applied to long-term annual U.S. stock-market data. …
Persistent link: https://www.econbiz.de/10005428365
past century suggest that stock prices will fall to align valuation ratios with their means. Of course, the means of the …
Persistent link: https://www.econbiz.de/10005729002
A study that concludes recorded security price errors are potential sources of misspecification in joint tests of the capital asset pricing model and market efficiency.
Persistent link: https://www.econbiz.de/10005729052
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