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Göteborgs universitet

CFF-AP2 Conference June 7, 2016

CFF-AP2 conference June 7, 2016. Predicting future returns of stocks and other financial assets is a constant subject of fascination for academics and practitioners alike. Despite many decades of empirical research, there is little consensus on whether asset returns can be predicted in any meaningful way. Any predictable component of returns is bound to be small, and conclusive empirical evidence one way or the other appears unlikely. Nevertheless, the study of return predictability remains central to financial economics, and the countless number of studies in this area have greatly enhanced, and continues to enhance, our understanding of asset returns.