Productivity and Stock Returns: 1951 - 2002
There is considerable concern whether the decline in stock market returns will eventually exert negative changes in the productivity data. This paper examines the long run, or the equilibrium, relationship between productivity and stock returns for the 1951-2002 period. It introduces the notion of e...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia Press
2003
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/25124/1/IJBF%201%202%202003%2069%2087.pdf |