This paper examines the role played by the investor's investment horizon in the choice of
optimal portfolios. A complete discrete‐time, multiperiod, portfolio model is presented with a …

This dissertation is a two-part examination of the determinants of the price-earnings multiple
(P/E) of the Standard & Poor's 500 Common Stock Index. The first part of the study …

This paper studies the effect of inflation on price-earnings ratios. The analysis shows that
price-earnings ratios could be expected to decline with increased inflation. This effect is …

There have been many studies that examine exchange rate exposure based on the
relationship between stock returns and exchange rate returns. We investigate the exchange …

This paper examines the effect of inflation on the relationship between a firm's sustainable
real growth rate and its dividend payout ratio. Ceteribus paribus, dividend payout ratios are …

Traditional finance theory assumes market completeness, which implies that a security's
price should equal its “intrinsic value” in a perfectly competitive market. One of the empirical …

This dissertation reinvestigates foreign exchange exposure of banking institutions based on
previous work on foreign exchange exposure of business firms. This study is motivated by …

This study aims to explore various dimensions of probabilistic forecasting accuracy. In
particular, the effects of using dichotomous format on the performance of semi-experts' and …