Drawing upon rationales from the theories of investment and consumption under uncertainty and the models of sectoral reallocation, we assess the implications of industry-level stock returns volatility for the future state of the Australian economy in terms of real Gross Domestic Product (GDP)...

The research examines an approach to forecast return on equity using leading economic indicators for short periods in banks. ROE is one of the most important ratios for performance measurement. Its adequacy is necessary for competitiveness, attract funding in financial markets, accumulate...

We report results on the ex ante predictability of monthly excess stock returns in Germany using real-time and revised macroeconomic data. Our real-time macroeconomic data cover the period 1994-2005. We report three results. 1) Real-time macroeconomic data did not contribute much to ex ante...