In this article, the authors provide evidence that market timing is possible over the shorter
time periods that institutional asset allocation approaches typically consider. The evidence is …

This article re-assesses the evidence and practical relevance of asset returns' long-horizon
predictability, investigating whether practitioners can profitably exploit predictability patterns …

Stock return predictability in highly developed countries has both empirical and theoretical
justification in financial literature. The article aims to answer the question if market valuation …

Theoretical background: Although some controversy remains, some aspects of the
predictability of aggregate stock market returns in the United States and other industrialized …

We study stock return predictability in the Tehran Stock Exchange over various horizons
using four valuation ratios, and make in-sample and out-of-sample comparison with the …

We investigate stock returns, earnings growth, interest rates and the relative valuation of US
equities following the 22 major bear market bottoms from 1881-2011. We find that large …

Over the last twenty-five years, there has been extensive research devoted to the study of
long-horizon stock return predictability. The potential predictability of long-horizon stock …

Theoretical background: The transformation of marketing that has been taking place for the
last 150 years involves the gradual change of its concept, strategy and operational activity …

This article shows that, over time and across many countries, only a subset of long-term
interest rate fall years is responsible for the high equity premium realized over the following …

This study examines the relationship between stock returns and the term structure of interest
rates in a Canadian setting. Following Zhou's study of the US market (Federal Reserve …