-varying risk premium. These findings lend support to neoclassical models with investment lags …A bottom-up measure of aggregate investment plans, namely, aggregate expected investment growth (AEIG) can negatively …

Consistent with neoclassical models with investment lags, we find that a bottom-up measure of aggregate investment … plans, namely, aggregate expected investment growth, negatively predicts future stock market returns. with an adjusted in … suggest that the predictive ability of aggregate expected investment growth is more likely to be driven by the time …

the influence of public companies' financial performance on Tobin's q as a common measure of investment opportunity for … function should be different for different investment styles. For this reason, we composed two sets of financial ratios that … believe that investment decisions' successfulness depends on the reliability of the issuer's financial statements. In our …