I am currently working on my MSc. Finance Thesis at the university of Aarhus in Denmark.
I am investigating in-sample and out-of-sample return predictability of stock returns in Hong Kong.
ThroughDatastream I can aquire return data, dividend-yields, etc. from 1973- onwards. Hence I should also get a risk-free rate for the same period, in order to compute excess returns. From 1990- onwards, I can use the HONG KONG EXCHANGE FUND BILL 3 MTH.
However, I need some suggestions on what to use for the years prior 1990.
Any suggestions?
Best regards
I am investigating in-sample and out-of-sample return predictability of stock returns in Hong Kong.
ThroughDatastream I can aquire return data, dividend-yields, etc. from 1973- onwards. Hence I should also get a risk-free rate for the same period, in order to compute excess returns. From 1990- onwards, I can use the HONG KONG EXCHANGE FUND BILL 3 MTH.
However, I need some suggestions on what to use for the years prior 1990.
Any suggestions?
Best regards
