Referee Report for investment class Research Paper

commentator Report for investment class - Research Paper ExampleI acquire stated in the comments below are some other issue I would like the author to address. Basing on my analysis, I cannot recommend this musical composition until it undergoes major revisions by the author to address its shortcomings. I believe with major revisions the paper can make enough a contribution to warrant its publication in the Journal of Banking and Finance. I thank you for the opportunity to review this paper for the Journal and I am always happy to domiciliate referee support. Please feel free to contact me if you have any questions or need go on clarification Sincerely A Comment on Enduring Effects of Demography on privacy Planning Background Literature and Hypothesis Development The author has made some good efforts to sacrifice the rising effects of demography as attributed to the entry of the baby-boom. But while I appreciate the run I would like to raise concerns after careful scrutiny to give you the totality of your presentation. In the scuttle paragraph, the author fails to point proscribed the great impact demography has on stock prices. The author should have pointed out the standing issues of demography in quantitative terms in determining how important demographic factors are in relation to other factors that exploit assets price. To flow the paper the author should have added the back up factors in table 1 and 2 to make a good case. In the same paragraph the author needs to state the reasons as to why demography attracts a lot of attention in the financial press and what the link is between the era structure of the population, the asset price and the demand for the asset. entropy and variables The authors analysis conducted independently was one, to outline the different demographic effects where the variables- financial and macroeconomics- were pipe down linked to stock returns and two, it was meant to look at how are the financial and macroeconomic s indicators varying stock returns as compared to the various demographics. I identified some important variables such as retirement age that was left out in the research and this could lead to wrong projections when stating the effects and size of demographics been investigated. The author aside from retirement age could also focus on other factors such as the number of stock market and the series of effect on multivariable regression on equity prices. In spite of the standard pinpoints and careful spec in regression, some constraints of the scrutiny remain. I did not see the selection criteria of the variables which the author mentions in this section. What specify the facet of the economy that happen to be vital and makes the stock market move thus influence the demographic variables which in return affects stock returns. I find that the author has a dwarf measure on table 3 and this information could mislead the public on retirement performance if employ as a source. The sh ort measurement is about the horizons used to determine an investment choice that yields the beaver returns as drawn in table three. The author needs to explain the source of primary data used in the table to clearly differentiate between corporate bonds and government bonds. Demography and plus Valuation I find the analysis of the impact of demographics and microeconomics and financial factors on