haku: @author Lee, B.-S. / yhteensä: 5
viite: 5 / 5
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| Tekijä: | Kaneko, T. Lee, B.-S. |
| Otsikko: | Relative importance of economic factors in the U.S. and japanese stock markets |
| Lehti: | Journal of the Japanese and International Economies
1995 : SEP, VOL. 9:3, p. 290-307 |
| Asiasana: | JAPAN USA STOCK MARKETS |
| Kieli: | eng |
| Tiivistelmä: | This paper investigates various economic state variables as systematic influences on U.S. and Japanese stock market returns, and compares their influence on stock returns. For this purpose, the authors employed a VAR analysis. They found that economic news about risk premiums, term premiums, and the growth rate in industrial production is most significant in U.S. stock market returns. However, unlike in Hamao's study, they found that international factors, such as changes in oil prices, are most significant in Japanese stock market returns. |
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