Gajdka, Jerzy; Pietraszewski, Piotr - In: Comparative economic research : Central and Eastern Europe 19 (2016) 3, pp. 93-111
This paper discusses the links between economic growth, corporate earnings and stock returns. Cross-country correlation … (EPS) and changes in valuation (P/E ratio). Within this framework, two types of factors explaining the lack of correlation … reveals that in the long run stock price returns are driven by companies’ earnings, and that the lack of correlation between …
