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The Determinants of Investment Rewards: Evidence for Selected Developed and Developing Countries

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Academic year: 2020

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Figure

Table 1: Summary statistics for the ADF unit root test
Table 2: Causality between excess stock return (erjt) and risk premium of market (m), firm size (s) and book-to-market value (b) in developing country
Table 4: Results of the bivariate VAR model of the excess stock return

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