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the scores analysis and forecasting. The methodology of the research consists of the Dividend Irrelevance theory, Dividend …The article treats a concept of the formalized modeling of the dividend policy scores and company marketing performance … scores derived (stock market position) within neutral dividend policy implementation approach conditions as an instrument of …
Persistent link: https://www.econbiz.de/10012823032
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-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend-price ratio for such … changes resolves several issues with respect to the predictability of stock market returns: The adjusted dividend-price ratio … predictability ; dividend-price ratio ; payout policy ; sample selection ; choice of organizational structure …
Persistent link: https://www.econbiz.de/10009663676
Using Internet search volume of dividend-related keywords to measure investor preference for dividends that varies over … time and across states, we show that dividend sentiment affects corporate policies and asset prices. Investors search more … funds that pay high dividends receive more inflows when dividend sentiment is stronger. Further, firms initiate or increase …
Persistent link: https://www.econbiz.de/10012854927
accurate forecasts relative to alternatives, including the traditional dividend yield. This remains true even after excluding …
Persistent link: https://www.econbiz.de/10012973823
We re-visit a puzzling result that in U.S. post-WW II data the dividend price ratio can predict aggregate returns but … not dividend growth. We find that predictive regressions are sensitive to the method used to aggregate firm-level data …. Using value weighted firm-level data we find strong evidence for dividend growth predictability in the post-WW II period. We …
Persistent link: https://www.econbiz.de/10013035803
I examine the predictability of dividend cuts based on the time interval between dividend announcement dates using a … large dataset of U.S. firms from 1971 to 2014. The longer the time interval between dividend announcements, the larger the … probability of a cut in the dividend per share, consistent with the view that firms delay the release of bad news …
Persistent link: https://www.econbiz.de/10012986328
-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend–price ratio for such … changes resolves several issues with respect to the predictability of stock market returns: The adjusted dividend-price ratio …
Persistent link: https://www.econbiz.de/10013065653
. This investigation is motivated by the evidence on analyst optimism and Ohlson (1991)’s fundamental valuation theory that … of dividends on future earnings. Consistent with theory, this association persists in settings with stable dividends, (i ….e., where dividends have limited or no signaling implications) and varies in a predictable manner with dividend payouts and cost …
Persistent link: https://www.econbiz.de/10013491792
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