Showing 1 - 10 of 22
Persistent link: https://www.econbiz.de/10006891443
Persistent link: https://www.econbiz.de/10006898674
Persistent link: https://www.econbiz.de/10003435903
Persistent link: https://www.econbiz.de/10006900641
Persistent link: https://www.econbiz.de/10006921468
Persistent link: https://www.econbiz.de/10006933369
Persistent link: https://www.econbiz.de/10007912565
Persistent link: https://www.econbiz.de/10010994354
Persistent link: https://www.econbiz.de/10010935337
Persistent variations in the log price-to-dividend ratio (PtDR) have triggered a lively discussion in the literature. This paper proposes a present value model incorporating this persistence through a time-varying steady state of the PtDR. Log-likelihood statistics confirm that the time-varying...
Persistent link: https://www.econbiz.de/10010958088