Business Condition Expectations and Stock Return Predictability: International Evidence
F Jiang, F Jin, H Liu, J Yu - Available at SSRN 4430834, 2023 - papers.ssrn.com
We construct a one-month-ahead conditional expectation measure of global business
conditions relying on lagged OECD composite leading indices, and demonstrate that this …
conditions relying on lagged OECD composite leading indices, and demonstrate that this …