Stock Returns, Inflation and the "Reverse Causality" Hypothesis: Evidence from Nigeria
<p><em>Since the pioneering work of Fisher (1930), which hypothesized that real stock price is independent of inflation, the need for a better explanation has spurred a number of alternative hypotheses, viz, the tax effect hypothesis (Feldstein, 1980), proxy hypothesis (Fama, 1981), and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ümit Hacıoğlu
2015-02-01
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| Series: | International Journal of Research In Business and Social Science |
| Subjects: | |
| Online Access: | http://www.ssbfnet.com/ojs/index.php/ijrbs/article/view/373 |