Cole, Rebel; Moshirian, Fari; Wu, Qionbing - Volkswirtschaftliche Fakultät, … - 2007
literature by analyzing the relationship between banking industry stock returns and future economic growth. Using dynamic panel … techniques to analyze panel data from 18 developed and 18 emerging markets, we find a positive and significant relationship … between bank stock returns and future GDP growth that is independent of the previously documented relationship between market …