Lovatt, David; Parikh, Ashok - In: The European Journal of Finance 6 (2000) 3, pp. 280-297
This paper investigates the relationships between real stock returns and a number of financial and economic variables for the UK economy for the period 1980 to 1994. We begin by discussing a theoretical model proposed by Balvers et al. and then re-estimate for the UK what may be regarded as an...