36,740 research outputs found
Guo ti zhuan xiao zhao sheng jian zhang
No full text[中央國體專校第四屆招生委員會]."藏者: 黃漢勛"--包裝封面.題名據卷端.[Zhong yang guo ti zhuan xiao di si jie zhao sheng wei yuan hui]."Zang zhe: Huang Hanxun"--Bao zhuang feng mian.Ti ming ju juan duan
Zhongguo guo shu bi sai da hui te kan. no.2
No full text著錄據: 創刊第2期(民國44年6月25日[June 25, 1955])Zhu lu ju: chuang kan di 2 qi (Minguo 44 nian 6 yue 25 ri [June 25, 1955]
Why are stock market returns correlated with future economic activities?
No full textStock price, because it is a forward-looking variable, forecasts economic activities. An unexpected increase in stock price reflects that (i) future dividend growth is higher and/or (ii) future discount rates are lower than previously anticipated; therefore, the increase predicts higher output and investment. As well, other studies argue for an important relation between the expected stock market return and investment. In this paper, Hui Guo analyzes the relative importance of these mechanisms by using Campbell and Shiller’s (1988) method to decompose stock market return into three parts: expected return, a shock to the expected future return, and a shock to the expected future dividend growth. Contrary to the conventional wisdom, the author finds that dividend shocks are a rather weak predictor for future economic activities. Moreover, the expected return and shocks to the expected future return display different predictive patterns. The results shown here, collectively, explain why the forecasting power of stock market return is rather limited.Stock market
Hu guo yun dong wen xian shi liao hui bian
No full textTable of contents for "Hu guo yun dong wen xian shi liao hui bian
Quan guo er tong zuo wen bi sai te deng zuo pin
No full text全國兒童作文比賽評判會編.Cover title.Quan guo er tong zuo wen bi sai ping pan hui bian
Mulian zhuan: guo gu qi geng
No full text滕永然錄.Live recording."湘西怀化市辰河戏高腔>之'过孤淒埂'全桥"--Side A label.Electronic reproduction from Rulan Chao Pian Audio Cassette Collection.Performers, unknown.1989年11月"目连戏国际学朮研討会"期間演出实況錄音.Sung in Chinese.Teng Yongran lu."Xiangxi Huaihua shi chen he xi gao qiang > zhi 'guo gu qi geng' quan qiao"--Side A label.1989 nian 11 yue "Mulian xi guo ji xue shu yan tao hui" qi jian yan chu shi kuang lu yin
A simple model of limited stock market participation
No full textStocks have outperformed government bonds, on average, by a large margin in historical data. However, most U.S. households do not own stocks, either directly or indirectly. Also, stocks are highly concentrated in the hands of relatively few wealthy people. In this article, Hui Guo describes some aspects of stock ownership. He then uses an overlapping-generations model to help explain why stock market participation is so limited and discusses some implications of limited stock market participation.Stock market
Min jian guo jian hui zong jie bao gao /
No full textSummaries of reports presented in Min chien kuo chien hui, held in Taipei, Dec. 23-27, 1989
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