Stock Market Valuation Indicators: Is This Time Different?
نویسندگان
چکیده
منابع مشابه
Stock Market Valuation and Globalization
We study the valuation of similar assets in different national markets and how the valuation differentials have evolved through time. We focus on the impact of globalization and propose a (model free) measure of the degree of segmentation of world equity markets. We characterize which factors determine its cross-sectional and time series variation. Our first goal is to link the measure to the d...
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ژورنال
عنوان ژورنال: Financial Analysts Journal
سال: 1996
ISSN: 0015-198X
DOI: 10.2469/faj.v52.n3.1996