Are stock prices driven by expected growth rather than discount rates? Evidence based on the COVID-19 crisis
Author:
Publisher
Springer Science and Business Media LLC
Subject
Strategy and Management,Economics and Econometrics,Finance,Business and International Management
Link
https://link.springer.com/content/pdf/10.1057/s41283-021-00070-x.pdf
Reference20 articles.
1. Alfaro, L., A. Chari, A.N. Greenland, and P.K. Schott. 2020. Aggregate and firm-level stock returns during pandemics, in real time. NBER Working Paper Series No. 26950.
2. Baker, S.R., N. Bloom, J. Davis, K. Kost, M. Sammon, and T. Viratyosin. 2020. The unprecedented stock market reaction to Covid-19. White Paper, Becker Friedman Institute, University of Chicago.
3. Barro, R.J., J.F. Ursua, and J. Weng. 2020. The coronavirus and the great influenza epidemic-lessons from the “Spanish Flu” for the Coronavirus’s potential effects on mortality and economic activity. CESifo Working Paper No. 8166.
4. Bansal, R. 2007. Long-run risks and financial markets. Federal Reserve Bank of St. Louis Review 89 (4): 283–299.
5. Bansal, R., and A. Yaron. 2004. Risks for the long run: A potential resolution of asset pricing puzzles. Journal of Finance 59 (4): 1481–1509.
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