Detail Dividends, Total Cash Flow to Shareholders, and Predictive Return Regressions (in The Review of Economics and Statistics, 88(1)) Bibliografi Author: Robertson, Donald ; Wright, Stephen Topik: Dividend Yield; Cash Flows; Shareholders Bahasa: (EN )    Edisi: Feb 2006     Penerbit: the President and Fellows of Harvard College and the Massachusetts Institute of Technology     Tempat Terbit: Cambridge    Tahun Terbit: 2006     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: 19596017.pdf (2.79MB; 5 download) Abstract This paper provides new evidence on the predictive power of dividend yields for U.S. aggregate stock returns. Following Miller and Modigliani, we construct a measure of the dividend yield that includes all cash flows to shareholders. We show that this alternative cash-flow yield has strong and stable predictive power for returns, and appears robust to a battery of tests that have been proposed in recent critiques of the predictability literature. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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