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“The Long-Run Drivers of Stock Returns: Total Payouts and the Real Economy”: A Comment

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Jean-François L’Her, Tarek Masmoudi & Ram Karthik Krishnamoorthy. (2018) Net Buybacks and the Seven Dwarfs. Financial Analysts Journal 74:4, pages 57-85.
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Ronald Mauricio Martínez Contreras, Rubén Darío Martínez Amado, Rodrigo Atehortúa Santamaria & Nydia Consuelo Hernández Mora. (2022) Análisis del índice precio-beneficio ajustado cíclicamente en portafolios del mercado accionario brasileño, 2011-2019. Semestre Económico 25:58, pages 1-23.
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Ronald Q. Doeswijk, Trevin Lam & Laurens Swinkels. (2017) Historical Returns of the Market Portfolio. SSRN Electronic Journal.
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