Shanghai Stock Prices as Determined by the Present-Value Model

Journal of Comparative Economics

Volumn 27, Issue 3, 1999, Pages 553-561

  Chow, Gregory C ^a   Fan, Zhao Zhi ^b   Hu, Jin Yan ^b  

^a PRINCETON UNIVERSITY   (United States)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0142221729     PISSN: 01475967     EISSN: None     Source Type: Journal    
DOI: 10.1006/jcec.1999.1601     Document Type: Article

References (8)

1. Barsky Robert, DeLong J. Bradford. Why Does the Stock Market Fluctuate. Quart. J. Econom. 108:May 1993;291-311.
2. Campbell John, Shiller Robert. Cointegration and Tests of Present Value Models. J. Polit. Econom. 95:Oct. 1987;1062-1088.
3. Chow Gregory C. The Formation of Stock Prices. Econometrica. 26:Oct. 1958;604-605.
4. Chow Gregory C. Rational Versus Adaptive Expectations in Present Value Models. Rev. Econom. Statist. 71:Aug. 1989;376-384.
5. Chow Gregory C., Kwan Yum K. Rational Expectations Is Not Necessarily Valid for Econometric Models: Evidence from Stock Market Data. Pacific Econom. Rev. 2:Oct. 1997;149-163.
6. Donaldson R. Glen, Kamstra Mark. A New Dividend Forecasting Procedure That Rejects Bubbles in Asset Prices: the Case of 1929's Stock Crash. Rev. Financ. Stud. 9:1996;333-383.
7. Gordon Myron J. The Investment, Financing and Valuation of the Corporation. 1962;R. D. Irwin, Homewood.
8. Lin Jonathan. The Present Value Model of Stock Prices Under Rational and Adaptive Expectations: Evidence from the U.S. Stock Market. 1998;Princeton UniversityA.B. thesis, Department of Economics, Princeton.