We examine both in-sample and out-of-sample predictability of South African stock return using macroeconomic variables. We base our analysis on a predictive regression framework, using monthly data covering the in-sample period between 1990:01 and 1996:12, and the out-of sample period commencing...

India is a growing economy. It grows by leaps and bounds day by day. With the introduction of Liberalisation, Privatization and Globalization, the economy has become an open financial system. There is vast number of opportunities available in the economy for the companies to grow, succeed and...