Understanding the Cash Flow-Fundamental Ratio

This article investigates the use of cash flow-fundamental ratio in forecasting stock market return and examines implications behind this ratio. By presuming the dynamics of cash flow-fundamental ratio I identify the relationship between economic uncertainty and risk premium. The evidence shows tha...

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Bibliographic Details
Main Author: Chyi-Lun Chiou
Format: Article
Language:English
Published: EconJournals 2014-12-01
Series:International Journal of Economics and Financial Issues
Online Access:https://www.econjournals.com/index.php/ijefi/article/view/985