ENGLISH

The Predictabilty of German Stock Returns

By Judith Klähn (auth.)

Book information

Publisher
Deutscher Universitätsverlag
Year
2000
ISBN
978-3-8244-7102-7, 978-3-322-81378-7
DOI
10.1007/978-3-322-81378-7
Language
english
Format
PDF
Filesize
5 MB (5005189 bytes)
Series
Empirische Finanzmarktforschung / Empirical Finance
Edition
1
Pages
128\136
Time added
2013-12-12 02:00:00
Economics/Management Sciencegeneral

Description

Extensive literature investigates the predictability of U.S. equity returns. This does not imply, however, that the results are equally valid for the German equity market. Judith Klähn's central theory is that the German stock market is not comparable to Wall Street. She proves that some of the most important variables in predicting U.S. equity returns are not significant for the German stock market. The author shows that the composition of Germany's investor base plays an important role, and she outlines the variables crucial for the German stock market.

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