Impact of consumer confidence on the expected returns of the Tokyo Stock Exchange: A comparative analysis of consumption and production-based asset pricing models

• Javier Rojo-Suárez ,

  Contributed equally to this work with: Javier Rojo-Suárez, Ana Belén Alonso-Conde

  Roles Conceptualization, Formal analysis, Funding acquisition, Investigation, Methodology, Project administration, Resources, Software, Supervision, Validation, Writing – original draft, Writing – review & editing

  * E-mail: javier.rojo@urjc.es

  Affiliation Department of Business Administration, Rey Juan Carlos University, Madrid, Spain

  https://orcid.org/0000-0002-7371-3154

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• Ana Belén Alonso-Conde

  Contributed equally to this work with: Javier Rojo-Suárez, Ana Belén Alonso-Conde

  Roles Conceptualization, Formal analysis, Funding acquisition, Investigation, Methodology, Project administration, Resources, Software, Supervision, Validation, Writing – original draft, Writing – review & editing

  Affiliation Department of Business Administration, Rey Juan Carlos University, Madrid, Spain

  ⨯