country-level stock returns. The study attempts to address the question: Is there any special premium for top-quality stock … are examined with asset pricing models. The inter-market variation in returns may be explained with profitability and debt … practical implications include such issues as the global asset allocation, the development of investment products, asset pricing …

returns in financialized and non-financialized markets and on their role for tactical asset allocation. The study aims to … returns, inflation and the business activity. Second, it documents increased correlation of the commodity returns with the …