Athari, Mahtab; Naka, Atsuyuki; Noman, Abdullah - In: Review of Accounting and Finance 20 (2021) 3/4, pp. 217-247
Purpose: This paper aims to achieve two main objectives. The first is to introduce a suitable adjustment to the conventional dividend-price ratio, which would address econometric concerns and improve the predictability of the equity premium. The second is to compare the predictive performance...