Med afsæt i et historisk lavt dividende-pris (D-P) forhold har Tom Engsted & Carsten <p> Tanggaard prædikteret, at det danske aktiemarked vil falde med 50 % i.f.t niveauet i 1996, <p> idet en tilbagevenden af D-P ratioen til det historiske gennemsnit hævdes primært at komme i <p> stand via...</p></p></p>

This short paper studies the empirical relationship between realized stock returns and bond <p> yields at the 5- and 10-year investment horizons, respectively. Using annual Danish data since <p> 1927, we find that stock returns and bond yields are closely linked in the medium and long <p> term, as we...</p></p></p>

Med afsæt i et historisk lavt dividende-pris (D-P) forhold har Tom Engsted & Carsten Tanggaard prædikteret, at det danske aktiemarked vil falde med 50 % i.f.t niveauet i 1996, idet en tilbagevenden af D-P ratioen til det historiske gennemsnit hævdes primært at komme i stand via styrtdykkende...

This short paper studies the empirical relationship between realized stock returns and bond yields at the 5- and 10-year investment horizons, respectively. Using annual Danish data since 1927, we find that stock returns and bond yields are closely linked in the medium and long term, as we...

This paper analyzes whether, and to what extent, the Danish 1, 5 and 10-year equity premia are predictable. We examine the predictive power of a comprehensive list of financial ratios, interest rates and so forth. The results show that the 5-year premium is predictable in the sense that the...

This paper analyzes whether, and to what extent, the Danish 1, 5 and 10-year equity premia <p> are predictable. We examine the predictive power of a comprehensive list of financial ratios, <p> interest rates and so forth. The results show that the 5-year premium is predictable in the <p> sense that the...</p></p></p>