Prior valuation studies have developed and improved valuation models. However, these models are often difficult to use, because estimating their various factors requires lots of skills and experience. Thus, this study aims to provide a simple valuation method for the listed firms based on value...

Our study aims to clarify the use of aggregate earnings to forecast future GDP growth. Using empirical analyses with global quarterly data, we investigate whether aggregate-level profitability drivers, which are components of aggregate earnings, are relevant for forecasting GDP growth. We...

This study aims to examine the mechanism that governs the significant positive relationship between aggregate earnings changes and contemporaneous changes in the market risk premium. Prior studies point to this relationship but do not provide a clear explanation for it. Therefore, we divide...